INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Update

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

INNEOVA Stock Performance

Shares of NASDAQ INEO traded down $0.00 during mid-day trading on Thursday, reaching $0.56. 6,860 shares of the company’s stock traded hands, compared to its average volume of 169,926. The business has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $0.59. INNEOVA has a 1-year low of $0.44 and a 1-year high of $1.27. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

Analyst Ratings Changes

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 stock presently 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.