Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Decreases By 53.2%

by · The Markets Daily

Inuvo, Inc (NYSEAMERICAN:INUV – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 162,686 shares, a drop of 53.2% from the June 15th total of 347,907 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 147,990 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. LADENBURG THALM/SH SH reduced their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Zacks Research raised Inuvo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Freedom Capital downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $7.33.

Read Our Latest Analysis on Inuvo

Inuvo Price Performance

NYSEAMERICAN:INUV traded up $0.01 during trading hours on Tuesday, hitting $1.27. 77,646 shares of the company were exchanged, compared to its average volume of 274,601. Inuvo has a 52-week low of $1.00 and a 52-week high of $6.27. The stock has a market capitalization of $18.85 million, a price-to-earnings ratio of -9.84 and a beta of 1.18. The company’s 50 day moving average price is $1.44 and its 200-day moving average price is $2.03.

Inuvo (NYSEAMERICAN:INUV – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.13 EPS for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. The business had revenue of $7.93 million during the quarter. On average, equities analysts predict that Inuvo will post -0.12 earnings per share for the current year.

Institutional Trading of Inuvo

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in shares of Inuvo in the fourth quarter valued at about $51,000. Susquehanna International Group LLP acquired a new stake in shares of Inuvo during the third quarter worth about $101,000. Jane Street Group LLC boosted its position in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after buying an additional 25,693 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after buying an additional 75,307 shares during the period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Inuvo Company Profile

(Get Free Report)

Inuvo, Inc (NYSE: INUV) is a marketing technology company specializing in artificial intelligence–driven digital advertising solutions. The company’s platforms leverage machine learning and proprietary algorithms to analyze consumer intent and deliver targeted advertising across desktop, mobile and connected TV channels. Inuvo’s core technology is designed to help advertisers optimize campaign performance and improve return on ad spend by focusing on contextual relevance rather than relying solely on cookie-based tracking.

Through its Pulpo Media division, Inuvo offers programmatic advertising services that reach both English- and Spanish-speaking audiences in the United States and select Latin American markets.

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