Short Interest in INEO Tech Corp. (OTCMKTS:INEOF) Grows By 216.7%

INEO Tech Corp. (OTCMKTS:INEOF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 64,783 shares, a growth of 216.7% from the August 15th total of 20,456 shares. Based on an average daily volume of 215,864 shares, the short-interest ratio is currently 0.3 days.

INEO Tech Stock Performance

Shares of OTCMKTS:INEOF remained flat at $0.08 during midday trading on Friday. The firm has a 50-day simple moving average of $0.08 and a 200-day simple moving average of $0.03. INEO Tech has a twelve month low of $0.04 and a twelve month high of $0.37.

About INEO Tech

INEO Tech Corp., through its subsidiary, INEO Solutions Inc, provides analytics and advertising services through cloud-based internet of things in Canada. Its technology combines security tag readers for digital advertising at the entrance and exit of retail stores. The company’s cloud-based platform uses Internet of Things and artificial intelligence technology to deliver digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location.