INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Down 91.3% in July

INNEOVA Holdings Limited (NASDAQ:INEO) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,322 shares, a decrease of 91.3% from the July 15th total of 84,379 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 283,975 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

INNEOVA Trading Down 3.3%

Shares of INEO stock traded down $0.02 during trading hours on Thursday, reaching $0.60. 33,774 shares of the company’s stock were exchanged, compared to its average volume of 223,015. INNEOVA has a 1 year low of $0.44 and a 1 year high of $1.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.58. The stock’s fifty day moving average price is $0.64 and its two-hundred day moving average price is $0.58.

INNEOVA (NASDAQ:INEO) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.03) EPS for the quarter.

INNEOVA Company Profile

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.