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

TEN Holdings, Inc. (NASDAQ:XHLD) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 43,835 shares, a drop of 54.3% from the June 30th total of 95,910 shares. Based on an average trading volume of 738,237 shares, the short-interest ratio is currently 0.1 days. Approximately 1.2% of the shares of the company are short sold.

TEN Price Performance

NASDAQ:XHLD opened at $1.66 on Tuesday. TEN has a one year low of $1.03 and a one year high of $13.47. The company’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.63. The firm has a market capitalization of $6.61 million, a P/E ratio of -0.40 and a beta of 1.61.

Analyst Ratings Changes

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

About TEN

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.