INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Down 83.7% in August

INNEOVA Holdings Limited (NASDAQ:INEO) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,194 shares, a decrease of 83.7% from the July 30th total of 7,322 shares. Based on an average daily volume of 17,698 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, INNEOVA currently has an average rating of “Sell”.

INNEOVA Stock Performance

Shares of NASDAQ:INEO traded down $0.01 during trading on Friday, hitting $0.55. The stock had a trading volume of 26,542 shares, compared to its average volume of 227,332. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $0.63 and its 200 day moving average is $0.59. INNEOVA has a 12 month low of $0.44 and a 12 month high of $1.20.

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.