Intelligent Living Application Group Inc. (NASDAQ:ILAG) Short Interest Up 1,270.9% in June

Intelligent Living Application Group Inc. (NASDAQ:ILAG) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 75,827 shares, an increase of 1,270.9% from the May 31st total of 5,531 shares. Currently, 7.6% of the company’s shares are short sold. Based on an average trading volume of 213,621 shares, the days-to-cover ratio is currently 0.4 days.

Intelligent Living Application Group Stock Performance

NASDAQ ILAG traded down $0.07 during trading on Friday, reaching $3.52. 2,248 shares of the company’s stock were exchanged, compared to its average volume of 58,142. The company has a current ratio of 1.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. Intelligent Living Application Group has a fifty-two week low of $2.04 and a fifty-two week high of $9.56. The company’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.39.

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

Wall Street Analyst Weigh In

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

Intelligent Living Application Group Company Profile

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.