TEN Holdings, Inc. (NASDAQ:XHLD) Short Interest Up 209.9% in June

TEN Holdings, Inc. (NASDAQ:XHLDGet Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 144,044 shares, an increase of 209.9% from the May 31st total of 46,484 shares. Based on an average daily trading volume, of 75,356 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TEN in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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TEN Price Performance

Shares of TEN stock opened at $1.26 on Friday. TEN has a 1 year low of $1.03 and a 1 year high of $13.47. The business has a 50 day moving average price of $1.37 and a 200 day moving average price of $1.59. The company has a market capitalization of $5.01 million, a P/E ratio of -0.30 and a beta of 2.41.

TEN Company Profile

(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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