Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Declines By 38.4%

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,467 shares, a decline of 38.4% from the July 15th total of 8,876 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 6,634 shares, the days-to-cover ratio is presently 0.8 days.

Intelligent Living Application Group Price Performance

Shares of ILAG stock traded up $0.22 during trading hours on Tuesday, reaching $3.52. The stock had a trading volume of 3,145 shares, compared to its average volume of 3,258. The stock’s fifty day simple moving average is $3.39 and its 200 day simple moving average is $3.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.41. Intelligent Living Application Group has a 12 month low of $2.04 and a 12 month high of $9.56.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Intelligent Living Application Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Intelligent Living Application Group Company Profile

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.