INNEOVA Holdings Limited (NASDAQ:INEO – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 514 shares, a drop of 97.1% from the September 30th total of 17,986 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 55,603 shares, the days-to-cover ratio is currently 0.0 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut INNEOVA from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, INNEOVA presently has an average rating of “Sell”.
Read Our Latest Analysis on INEO
INNEOVA Stock Performance
Shares of INEO stock traded down $0.01 during trading hours on Monday, hitting $0.57. The company’s stock had a trading volume of 2,345 shares, compared to its average volume of 38,962. The company has a 50 day moving average of $0.56 and a 200 day moving average of $0.58. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 0.49. INNEOVA has a 12-month low of $0.44 and a 12-month high of $0.91.
INNEOVA (NASDAQ:INEO – Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $12.90 million during the quarter.
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.
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