Intelligent Living Application Group Inc. (NASDAQ:ILAG) Sees Large Drop in Short Interest

Intelligent Living Application Group Inc. (NASDAQ:ILAG) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,531 shares, a decline of 35.9% from the May 14th total of 8,622 shares. Based on an average daily trading volume, of 1,942 shares, the short-interest ratio is presently 2.8 days. Currently, 0.6% of the shares of the company are sold short.

Intelligent Living Application Group Stock Performance

NASDAQ:ILAG opened at $3.00 on Thursday. Intelligent Living Application Group has a 1-year low of $2.04 and a 1-year high of $9.56. The company’s fifty day moving average price is $3.69 and its 200-day moving average price is $3.45. The company has a current ratio of 1.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

Intelligent Living Application Group (NASDAQ:ILAG) last posted its earnings results on Friday, April 24th. The company reported ($3.40) earnings per share (EPS) for the quarter. The company had revenue of $1.09 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Intelligent Living Application Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Intelligent Living Application Group

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.