Ten-League International Holdings Limited (NASDAQ:TLIH) Stock Short Interest Declines 97.1%

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10 shares, a drop of 97.1% from the August 31st total of 342 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,814 shares, the short-interest ratio is currently 0.0 days.

Ten-League International Trading Up 0.3%

Shares of NASDAQ TLIH traded up $0.01 during midday trading on Thursday, hitting $5.76. The stock had a trading volume of 1,186 shares, compared to its average volume of 1,863. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.56 and a current ratio of 0.87. Ten-League International has a 1-year low of $2.20 and a 1-year high of $8.50. The company has a fifty day moving average price of $5.76 and a 200 day moving average price of $4.31.

Analysts Set New Price Targets

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

Ten-League International Company Profile

Our mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair services through continuous adaptation and application of new technologies. We are a Singapore-based provider of turnkey project solutions. Our business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. We currently conduct our operations through our wholly-owned subsidiaries, Ten-League Engineering & Technology Pte.