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

Ten-League International Holdings Limited (NASDAQ:TLIHGet Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,256 shares, a decrease of 70.7% from the July 30th total of 4,292 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,234 shares, the short-interest ratio is presently 0.6 days.

Ten-League International Trading Up 1.6%

NASDAQ:TLIH traded up $0.09 on Thursday, hitting $5.80. The stock had a trading volume of 2,738 shares, compared to its average volume of 244,850. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.45. Ten-League International has a 52 week low of $2.20 and a 52 week high of $8.50. The business’s fifty day moving average is $5.37 and its 200 day moving average is $3.99.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Ten-League International stock. HRT Financial LP bought a new position in shares of Ten-League International Holdings Limited (NASDAQ:TLIHFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 0.26% of Ten-League International at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ten-League International presently has an average rating of “Sell”.

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Ten-League International Company Profile

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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.

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