INNEOVA Holdings Limited (NASDAQ:INEO) Short Interest Up 217.0% in May

INNEOVA Holdings Limited (NASDAQ:INEO) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,414 shares, a growth of 217.0% from the May 14th total of 446 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 82,238 shares, the days-to-cover ratio is presently 0.0 days.

INNEOVA Price Performance

Shares of INNEOVA stock opened at $0.66 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $0.59 and its two-hundred day moving average price is $0.59. INNEOVA has a 52 week low of $0.44 and a 52 week high of $1.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, INNEOVA 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.