Short Interest in Intelligent Living Application Group Inc. (NASDAQ:ILAG) Drops By 38.8%

Intelligent Living Application Group Inc. (NASDAQ:ILAG) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 13,068 shares, a decrease of 38.8% from the April 15th total of 21,348 shares. Based on an average trading volume of 2,512 shares, the days-to-cover ratio is currently 5.2 days. Currently, 1.3% of the shares of the stock are short sold.

Intelligent Living Application Group Price Performance

NASDAQ ILAG traded down $0.19 on Monday, reaching $3.97. The company’s stock had a trading volume of 2,809 shares, compared to its average volume of 26,787. Intelligent Living Application Group has a twelve month low of $2.04 and a twelve month high of $9.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.97 and a quick ratio of 0.41. The firm’s 50 day moving average is $3.16 and its two-hundred day moving average is $3.69.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Intelligent Living Application Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.