Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Decreases By 38.8%

Intelligent Living Application Group Inc. (NASDAQ:ILAG) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 13,068 shares, a decrease of 38.8% from the April 15th total of 21,348 shares. Based on an average daily trading volume, of 2,512 shares, the short-interest ratio is currently 5.2 days. Currently, 1.3% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Intelligent Living Application Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Intelligent Living Application Group Stock Performance

Shares of NASDAQ:ILAG traded down $0.13 on Friday, reaching $4.16. 6,826 shares of the company’s stock were exchanged, compared to its average volume of 4,239. The company has a fifty day moving average of $3.16 and a 200-day moving average of $3.69. Intelligent Living Application Group has a twelve month low of $2.04 and a twelve month high of $9.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.41 and a current ratio of 1.97.

Intelligent Living Application Group (NASDAQ:ILAG) last announced its earnings results on Friday, April 24th. The company reported ($3.40) earnings per share (EPS) for the quarter. The business had revenue of $1.09 million for the quarter.

About Intelligent Living Application Group

Intelligent Living Application Group Inc, through its subsidiaries, manufactures and sells mechanical locksets to customers in the United States and Canada. Its mechanical locksets consist of deadbolts, entry locksets, privacy locksets, and passage locksets as well as storerooms locks. The company offers locksets for outdoors comprising main entrances and gates, and indoor uses. Intelligent Living Application Group Inc was founded in 1981 and is headquartered in Kwai Chung, Hong Kong.