INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Update

INNEOVA Holdings Limited (NASDAQ:INEO) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 446 shares, a drop of 98.9% from the April 30th total of 41,675 shares. Based on an average daily trading volume, of 67,171 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

INNEOVA Price Performance

Shares of NASDAQ:INEO traded up $0.01 during mid-day trading on Wednesday, reaching $0.62. 40,749 shares of the company’s stock were exchanged, compared to its average volume of 68,946. The business’s fifty day moving average price is $0.57 and its 200-day moving average price is $0.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.06 and a quick ratio of 0.52. INNEOVA has a twelve month low of $0.44 and a twelve month high of $2.10.

INNEOVA (NASDAQ:INEO) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of INNEOVA in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.