Ten-League International Holdings Limited (NASDAQ:TLIH) Short Interest Update

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a significant 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,814 shares, the short-interest ratio is presently 0.0 days.

Ten-League International Price Performance

NASDAQ:TLIH opened at $5.76 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $5.76 and a 200-day moving average price of $4.31. Ten-League International has a 1-year low of $2.20 and a 1-year high of $8.50.

Analyst Upgrades and Downgrades

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

About Ten-League International

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.