INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Down 98.9% in May

INNEOVA Holdings Limited (NASDAQ:INEO) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 446 shares, a decrease of 98.9% from the April 30th total of 41,675 shares. Based on an average daily volume of 67,171 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

INNEOVA Price Performance

Shares of INEO traded down $0.05 on Friday, reaching $0.56. 40,369 shares of the company’s stock were exchanged, compared to its average volume of 267,717. The company has a current ratio of 1.06, a quick ratio of 0.52 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $0.57 and a two-hundred day moving average price of $0.60. INNEOVA has a 12 month low of $0.44 and a 12 month high of $2.10.

INNEOVA (NASDAQ:INEO) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.02) earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of INNEOVA in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, INNEOVA 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.