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

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

TEN Price Performance

Shares of NASDAQ XHLD opened at $1.26 on Monday. The firm has a market cap of $5.01 million, a P/E ratio of -0.30 and a beta of 2.42. TEN has a twelve month low of $1.03 and a twelve month high of $13.47. The company has a 50 day moving average of $1.37 and a 200 day moving average of $1.59.

Wall Street Analysts Forecast Growth

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

TEN Company Profile

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.