Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Down 72.8% in August

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 342 shares, a drop of 72.8% from the August 15th total of 1,256 shares. Based on an average trading volume of 2,905 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Ten-League International Stock Down 0.4%

NASDAQ:TLIH opened at $5.78 on Friday. The stock has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $4.18. Ten-League International has a 1 year low of $2.20 and a 1 year high of $8.50. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45.

Institutional Trading of Ten-League International

An institutional investor recently bought a new stake in Ten-League International stock. HRT Financial LP acquired a new stake in Ten-League International Holdings Limited (NASDAQ:TLIH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 0.26% of Ten-League International at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ten-League International has a consensus rating of “Sell”.

Ten-League International Company Profile

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.