INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Update

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

INNEOVA Stock Performance

INNEOVA stock traded down $0.00 on Wednesday, reaching $0.62. 30,066 shares of the stock were exchanged, compared to its average volume of 224,248. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. INNEOVA has a twelve month low of $0.44 and a twelve month high of $1.27. The firm has a fifty day moving average price of $0.64 and a two-hundred day moving average price of $0.58.

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

Analysts Set New Price Targets

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

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.