INNEOVA Holdings Limited (NASDAQ:INEO – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 30,566 shares, a growth of 2,061.7% from the May 31st total of 1,414 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 144,765 shares, the days-to-cover ratio is currently 0.2 days.
INNEOVA Price Performance
Shares of INNEOVA stock traded up $0.01 during midday trading on Thursday, hitting $0.57. The company had a trading volume of 12,627 shares, compared to its average volume of 105,797. The company has a fifty day simple moving average of $0.61 and a 200 day simple moving average of $0.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 1.02. INNEOVA has a 12-month low of $0.44 and a 12-month high of $1.44.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, INNEOVA 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.
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