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

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

INEO Tech Price Performance

INEOF stock remained flat at $0.08 during trading on Monday. INEO Tech has a 52-week low of $0.04 and a 52-week high of $0.37. The firm has a 50 day simple moving average of $0.08 and a 200-day simple moving average of $0.03.

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.