TEN Holdings, Inc. (NASDAQ:XHLD) Short Interest Down 41.2% in May

TEN Holdings, Inc. (NASDAQ:XHLD – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 46,484 shares, a decrease of 41.2% from the May 14th total of 79,063 shares. Based on an average trading volume of 16,359 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TEN in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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TEN Price Performance

NASDAQ:XHLD traded up $0.02 during mid-day trading on Monday, reaching $1.37. The company’s stock had a trading volume of 16,269 shares, compared to its average volume of 1,691,922. TEN has a 1 year low of $1.03 and a 1 year high of $13.47. The business’s fifty day simple moving average is $1.40. The stock has a market capitalization of $5.45 million, a price-to-earnings ratio of -0.33 and a beta of 2.42.

TEN (NASDAQ:XHLD – Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported ($3.93) earnings per share for the quarter. TEN had a negative return on equity of 466.58% and a negative net margin of 546.18%.The business had revenue of $0.71 million during the quarter.

About TEN

(Get Free Report)

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.

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