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

Intelligent Living Application Group Inc. (NASDAQ:ILAG) was the recipient 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. Based on an average daily trading volume, of 213,621 shares, the days-to-cover ratio is presently 0.4 days. Currently, 7.6% of the shares of the company are short sold.

Intelligent Living Application Group Trading Up 2.8%

NASDAQ:ILAG traded up $0.10 on Friday, reaching $3.69. 17,827 shares of the company’s stock were exchanged, compared to its average volume of 205,445. The stock has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $3.39. Intelligent Living Application Group has a 52 week low of $2.04 and a 52 week 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.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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.com, Intelligent Living Application Group presently has a consensus 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.