INEO Tech Corp. (OTCMKTS:INEOF) Short Interest Up 216.7% in August

INEO Tech Corp. (OTCMKTS:INEOF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 64,783 shares, a growth of 216.7% from the August 15th total of 20,456 shares. Based on an average daily volume of 215,864 shares, the days-to-cover ratio is presently 0.3 days.

INEO Tech Stock Performance

OTCMKTS:INEOF remained flat at $0.08 during trading hours on Friday. INEO Tech has a twelve month low of $0.04 and a twelve month high of $0.37. The company has a fifty day simple moving average of $0.08 and a 200-day simple moving average of $0.03.

About INEO Tech

INEO Tech Corp., through its subsidiary, INEO Solutions Inc, provides analytics and advertising services through cloud-based internet of things in Canada. Its technology combines security tag readers for digital advertising at the entrance and exit of retail stores. The company’s cloud-based platform uses Internet of Things and artificial intelligence technology to deliver digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location.