Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Decreases By 38.8%

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. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 2,512 shares, the short-interest ratio is presently 5.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Intelligent Living Application Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Intelligent Living Application Group presently has an average rating of “Sell”.

Intelligent Living Application Group Price Performance

ILAG traded down $0.13 on Friday, reaching $4.16. The company had a trading volume of 6,826 shares, compared to its average volume of 4,239. Intelligent Living Application Group has a fifty-two week low of $2.04 and a fifty-two week high of $9.56. The company’s fifty day moving average is $3.16 and its 200 day moving average is $3.69. The company has a quick ratio of 0.41, a current ratio of 1.97 and a debt-to-equity ratio of 0.03.

Intelligent Living Application Group (NASDAQ:ILAG) last announced its quarterly earnings results on Friday, April 24th. The company reported ($3.40) EPS for the quarter. The company 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.