TEN Holdings, Inc. (NASDAQ:XHLD) Sees Significant Growth in Short Interest

TEN Holdings, Inc. (NASDAQ:XHLD) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,040,319 shares, a growth of 1,937.0% from the July 30th total of 51,072 shares. Currently, 9.1% of the company’s shares are sold short. Based on an average daily trading volume, of 17,027,175 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

TEN Price Performance

Shares of XHLD traded up $0.86 during trading hours on Tuesday, hitting $8.51. The stock had a trading volume of 1,305,553 shares, compared to its average volume of 2,389,367. The firm has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $1.98. The firm has a market capitalization of $101.95 million, a P/E ratio of -2.90 and a beta of 2.00. TEN has a 1-year low of $0.76 and a 1-year high of $13.47.

TEN (NASDAQ:XHLD) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.70) earnings per share for the quarter. The firm had revenue of $0.73 million for the quarter. TEN had a negative return on equity of 440.98% and a negative net margin of 627.50%.

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.