INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Update

INNEOVA Holdings Limited (NASDAQ:INEO) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 30,566 shares, a growth of 2,061.7% from the May 31st total of 1,414 shares. Based on an average trading volume of 144,765 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

INNEOVA Trading Up 1.0%

Shares of NASDAQ:INEO traded up $0.01 during trading on Thursday, reaching $0.57. The stock had a trading volume of 12,627 shares, compared to its average volume of 105,797. The firm’s 50-day simple moving average is $0.61 and its 200 day simple moving average is $0.58. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. INNEOVA has a one year low of $0.44 and a one year high of $1.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of INNEOVA in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, INNEOVA has an average rating of “Sell”.

About INNEOVA

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia. Through our On-Highway Business, we supply a wide range of genuine OEM and aftermarket parts for use in passenger and commercial vehicles bearing either the manufacturer’s brands or our in-house brands through SP Zone.