Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Large Decline in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 18,600 shares, a drop of 79.1% from the September 15th total of 89,000 shares. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen raised Ten-League International from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings assumed coverage on Ten-League International in a research note on Wednesday, October 8th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Ten-League International Price Performance

Ten-League International stock opened at $0.46 on Friday. Ten-League International has a 52 week low of $0.44 and a 52 week high of $7.00. The stock’s 50-day simple moving average is $0.57.

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.