Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Declines By 33.8%

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 37,003 shares, a decline of 33.8% from the November 30th total of 55,893 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 22,807 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 22,807 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the company are sold short.

Intelligent Living Application Group Price Performance

NASDAQ:ILAG opened at $4.55 on Wednesday. Intelligent Living Application Group has a fifty-two week low of $2.74 and a fifty-two week high of $9.80. The company has a current ratio of 4.27, a quick ratio of 1.63 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $4.86 and a 200-day moving average price of $5.35.

Intelligent Living Application Group (NASDAQ:ILAG) last issued its quarterly earnings results on Monday, December 22nd. The company reported ($1.35) EPS for the quarter. The company had revenue of $1.15 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intelligent Living Application Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About Intelligent Living Application Group

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.