Short Interest in INNEOVA Holdings Limited (NASDAQ:INEO) Decreases By 83.7%

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

INNEOVA Stock Down 1.1%

INNEOVA stock traded down $0.01 during trading on Wednesday, reaching $0.58. The stock had a trading volume of 14,034 shares, compared to its average volume of 229,912. 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 52-week low of $0.44 and a 52-week high of $1.27. The business has a 50 day moving average price of $0.64 and a 200 day moving average price of $0.59.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of INNEOVA in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.