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

Ten-League International Holdings Limited (NASDAQ:TLIH – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4 shares, a decrease of 60.0% from the September 15th total of 10 shares. Based on an average trading volume of 1,091 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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Ten-League International Stock Down 0.2%

TLIH traded down $0.01 on Tuesday, hitting $5.72. 1,944 shares of the company were exchanged, compared to its average volume of 209,496. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $5.75 and its 200 day moving average is $4.55. Ten-League International has a fifty-two week low of $2.20 and a fifty-two week high of $6.74.

Ten-League International (NASDAQ:TLIH – Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $12.79 million during the quarter.

Ten-League International Company Profile

(Get Free Report)

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.

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