INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Update

INNEOVA Holdings Limited (NASDAQ:INEO) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 55,555 shares, a growth of 4,552.8% from the August 15th total of 1,194 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 279,383 shares, the days-to-cover ratio is presently 0.2 days.

INNEOVA Stock Performance

NASDAQ:INEO opened at $0.54 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.58. INNEOVA has a fifty-two week low of $0.44 and a fifty-two week high of $1.20. The business has a 50 day moving average price of $0.63 and a 200-day moving average price of $0.59.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About INNEOVA

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.