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

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a large 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 trading volume of 1,942 shares, the short-interest ratio is currently 2.8 days. Approximately 0.6% of the company’s shares are short sold.

Intelligent Living Application Group Trading Up 1.8%

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

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

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Intelligent Living Application Group 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.