Intelligent Living Application Group Inc. (NASDAQ:ILAG) Sees Significant Increase in Short Interest

Intelligent Living Application Group Inc. (NASDAQ:ILAG – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 75,827 shares, a growth of 1,270.9% from the May 31st total of 5,531 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average trading volume of 213,621 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Intelligent Living Application Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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Intelligent Living Application Group Price Performance

NASDAQ:ILAG traded up $0.23 during midday trading on Thursday, hitting $3.60. The stock had a trading volume of 15,615 shares, compared to its average volume of 204,685. The stock has a 50-day moving average of $3.65 and a 200 day moving average of $3.39. Intelligent Living Application Group has a one year low of $2.04 and a one year high of $9.56. The company has a quick ratio of 0.41, a current ratio of 1.97 and a debt-to-equity ratio of 0.03.

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

Intelligent Living Application Group Company Profile

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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.

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