INLIF Limited (NASDAQ:INLF) Sees Significant Drop in Short Interest
by Mitch Edgeman · The Markets DailyINLIF Limited (NASDAQ:INLF – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,817 shares, a decrease of 64.9% from the August 15th total of 25,135 shares. Approximately 12.6% of the shares of the stock are sold short. Based on an average daily volume of 140,290 shares, the short-interest ratio is currently 0.1 days.
Analysts Set New Price Targets
A number of research firms recently issued reports on INLF. Weiss Ratings cut INLIF from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Wall Street Zen upgraded shares of INLIF to a “sell” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Analysis on INLF
INLIF Trading Down 2.1%
Shares of INLF traded down $0.07 during trading hours on Friday, hitting $3.28. 27,406 shares of the stock traded hands, compared to its average volume of 106,756. The business has a fifty day moving average of $4.07 and a 200-day moving average of $510.61. INLIF has a 1-year low of $2.12 and a 1-year high of $4,544.00.
INLIF Company Profile
INLIF Ltd. is a holding company, which engages in the development of injection molding machine-dedicated manipulator arms. Its products include: Three-axis robot, Five-axis robot and bull head type manipulator. The company was founded on January 4, 2023 and is headquartered in Quanzhou, China.