Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Drops By 35.9%

Intelligent Living Application Group Inc. (NASDAQ:ILAG – Get Free Report) was the target of a significant decline in short interest during 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 volume of 1,942 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

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Intelligent Living Application Group Stock Up 1.8%

NASDAQ:ILAG traded up $0.06 during trading hours on Tuesday, reaching $3.06. The company’s stock had a trading volume of 14,837 shares, compared to its average volume of 47,739. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.41. The firm has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $3.48. Intelligent Living Application Group has a 1 year low of $2.04 and a 1 year high of $9.56.

Intelligent Living Application Group (NASDAQ:ILAG – Get Free Report) last posted its quarterly 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.

About Intelligent Living Application Group

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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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