Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Down 18.1% in December
by Tristan Rich · The Markets DailyInuvo, Inc (NYSEAMERICAN:INUV – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 31,742 shares, a decline of 18.1% from the November 30th total of 38,748 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 115,615 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 115,615 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Inuvo
Large investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new stake in shares of Inuvo in the 1st quarter worth approximately $25,000. Barden Capital Management Inc. purchased a new position in Inuvo in the second quarter worth about $72,000. GSA Capital Partners LLP purchased a new stake in Inuvo during the 3rd quarter valued at $38,000. Citadel Advisors LLC raised its position 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 last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Inuvo during the 3rd quarter valued at $101,000. 29.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, HC Wainwright lowered their price objective on Inuvo from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $11.00.
View Our Latest Stock Analysis on INUV
Inuvo Price Performance
Shares of NYSEAMERICAN INUV traded up $0.02 during mid-day trading on Wednesday, reaching $2.48. 186,214 shares of the company’s stock were exchanged, compared to its average volume of 105,055. The firm has a market capitalization of $36.23 million, a price-to-earnings ratio of -7.75 and a beta of 0.94. Inuvo has a 52 week low of $2.34 and a 52 week high of $7.90. The firm has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $3.60.
Inuvo (NYSEAMERICAN:INUV – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $22.57 million during the quarter. Inuvo had a negative net margin of 4.44% and a negative return on equity of 35.30%. As a group, sell-side analysts forecast that Inuvo will post -0.02 EPS for the current fiscal year.
Inuvo Company Profile
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.