Intelligent Living Application Group Inc. (NASDAQ:ILAG) Sees Large Decrease in Short Interest

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 13,068 shares, a decline of 38.8% from the April 15th total of 21,348 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 2,512 shares, the short-interest ratio is currently 5.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Intelligent Living Application Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Intelligent Living Application Group Price Performance

Intelligent Living Application Group stock traded up $0.05 during midday trading on Tuesday, reaching $3.97. 2,809 shares of the stock traded hands, compared to its average volume of 4,239. The company has a current ratio of 1.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $3.68. Intelligent Living Application Group has a fifty-two week low of $2.04 and a fifty-two week high of $9.56.

Intelligent Living Application Group (NASDAQ:ILAG) last posted its earnings results on Friday, April 24th. The company reported ($3.40) earnings per share (EPS) for the quarter. The business had revenue of $1.09 million for the quarter.

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.