Inno Holdings Inc. (NASDAQ:INHD) Short Interest Down 58.4% in January
by Mitch Edgeman · The Markets DailyInno Holdings Inc. (NASDAQ:INHD – Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 101,310 shares, a drop of 58.4% from the December 31st total of 243,287 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 335,073 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 335,073 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.5% of the company’s stock are short sold.
Inno Price Performance
Shares of NASDAQ INHD traded down $0.09 during mid-day trading on Thursday, reaching $1.26. The company’s stock had a trading volume of 224,537 shares, compared to its average volume of 280,406. Inno has a 52 week low of $1.06 and a 52 week high of $474.72. The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $34.45. The firm has a market capitalization of $5.14 million, a PE ratio of -0.06 and a beta of -1.18.
Inno (NASDAQ:INHD – Get Free Report) last announced its quarterly earnings results on Monday, December 15th. The company reported $3.60 earnings per share (EPS) for the quarter. Inno had a negative net margin of 248.77% and a negative return on equity of 47.74%. The company had revenue of $1.09 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Inno stock. Geode Capital Management LLC lifted its stake in Inno Holdings Inc. (NASDAQ:INHD – Free Report) by 48.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,128 shares of the company’s stock after purchasing an additional 10,177 shares during the quarter. Geode Capital Management LLC owned about 0.40% of Inno worth $43,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.16% of the company’s stock.
Wall Street Analysts Forecast Growth
INHD has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Inno to a “strong sell” rating in a research report on Saturday, December 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on INHD
Inno Company Profile
Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.