TEN Holdings, Inc. (NASDAQ:XHLD) Sees Significant Growth in Short Interest

TEN Holdings, Inc. (NASDAQ:XHLD) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,040,319 shares, a growth of 1,937.0% from the July 30th total of 51,072 shares. Approximately 9.1% of the company’s shares are short sold. Based on an average daily trading volume, of 17,027,175 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TEN in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

TEN Stock Performance

Shares of NASDAQ:XHLD traded up $0.86 during trading on Tuesday, reaching $8.51. The stock had a trading volume of 1,305,553 shares, compared to its average volume of 2,389,367. TEN has a 52 week low of $0.76 and a 52 week high of $13.47. The firm’s fifty day moving average is $2.81 and its 200 day moving average is $1.98. The stock has a market cap of $101.95 million, a price-to-earnings ratio of -2.90 and a beta of 2.00.

TEN (NASDAQ:XHLD) last announced its earnings results on Monday, August 10th. The company reported ($0.70) earnings per share for the quarter. The firm had revenue of $0.73 million for the quarter. TEN had a negative return on equity of 440.98% and a negative net margin of 627.50%.

TEN Company Profile

We are a provider of event planning, production, and broadcasting services headquartered in Pennsylvania. We mainly produce virtual and hybrid events and physical events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by our proprietary Xyvid Pro Platform. Physical events mainly involve live streaming and video recording of physical events. TEN Holdings, Inc was incorporated under the laws of the State of Pennsylvania as a business corporation on February 12, 2024.