International Land Alliance, Inc. (OTCMKTS:ILAL) Sees Large Decline in Short Interest

International Land Alliance, Inc. (OTCMKTS:ILAL) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 104,900 shares, adeclineof25.8% from the July 31st total of 141,300 shares. Based on an average daily trading volume, of 405,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 405,900 shares, the days-to-cover ratio is presently 0.3 days.

International Land Alliance Stock Performance

Shares of ILAL stock traded up $0.01 during mid-day trading on Monday, hitting $0.20. The stock had a trading volume of 41,990 shares, compared to its average volume of 177,758. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.23 and a quick ratio of 0.23. International Land Alliance has a fifty-two week low of $0.04 and a fifty-two week high of $0.35. The company’s 50-day simple moving average is $0.21 and its 200-day simple moving average is $0.18. The firm has a market cap of $22.48 million, a PE ratio of -9.75 and a beta of -0.74.

International Land Alliance (OTCMKTS:ILAL) last released its earnings results on Thursday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.77 million during the quarter. International Land Alliance had a negative net margin of 101.31% and a negative return on equity of 25.93%.

About International Land Alliance

International Land Alliance, Inc operates as a residential land development company with target properties located primarily in the Baja California, Northern region of Mexico, and Southern California. Its principal activities include purchasing properties; obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building lots; securing financing for the purchase of the lots; enhance the properties' infrastructure and amenities; and selling the plots to homebuyers, retirees, investors, and commercial developers.