Short Interest in TEN Holdings, Inc. (NASDAQ:XHLD) Drops By 54.3%

TEN Holdings, Inc. (NASDAQ:XHLD) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 43,835 shares, a drop of 54.3% from the June 30th total of 95,910 shares. Based on an average daily volume of 738,237 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.2% of the shares of the stock are short sold.

TEN Stock Performance

Shares of NASDAQ XHLD traded down $0.28 during mid-day trading on Wednesday, reaching $1.25. The company’s stock had a trading volume of 186,613 shares, compared to its average volume of 1,438,490. The stock has a 50-day moving average of $1.61 and a two-hundred day moving average of $1.63. The stock has a market capitalization of $4.97 million, a P/E ratio of -0.30 and a beta of 1.61. TEN has a 1-year low of $1.03 and a 1-year high of $13.47.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TEN in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TEN currently has an average rating of “Sell”.

About TEN

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.