Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Down 41.9% in July

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 3,569 shares, a decrease of 41.9% from the June 30th total of 6,147 shares. Based on an average daily trading volume, of 8,564 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Ten-League International

A hedge fund recently bought a new position in Ten-League International stock. HRT Financial LP acquired a new stake in shares of Ten-League International Holdings Limited (NASDAQ:TLIH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Ten-League International Price Performance

Shares of NASDAQ:TLIH opened at $5.71 on Friday. Ten-League International has a 1-year low of $2.20 and a 1-year high of $8.50. The company’s fifty day moving average is $4.68 and its two-hundred day moving average is $3.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.87 and a quick ratio of 0.56.

Ten-League International (NASDAQ:TLIH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.45 EPS for the quarter. The business had revenue of $14.77 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ten-League International in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ten-League International currently 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.