Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update
by Jessica Moore · The Cerbat GemInuvo, Inc (NYSEAMERICAN:INUV – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 349,430 shares, a drop of 35.5% from the March 15th total of 541,544 shares. Based on an average trading volume of 236,278 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.5% of the company’s shares are short sold.
Institutional Trading of Inuvo
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in Inuvo during the 3rd quarter valued at $38,000. Dimensional Fund Advisors LP bought a new stake in shares of Inuvo in the 4th quarter worth about $51,000. Jane Street Group LLC raised its stake in shares of Inuvo by 152.3% in the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after purchasing an additional 25,693 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Inuvo during the third quarter worth about $101,000. Finally, Citadel Advisors LLC lifted its position in shares of Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares during the last quarter. Institutional investors own 29.36% of the company’s stock.
Analyst Ratings Changes
INUV has been the subject of several research analyst reports. Freedom Capital upgraded shares of Inuvo to a “strong-buy” rating in a research note on Wednesday, February 11th. HC Wainwright restated a “buy” rating and set a $6.00 target price on shares of Inuvo in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Inuvo has a consensus rating of “Buy” and an average target price of $9.00.
Inuvo Price Performance
Shares of INUV stock traded down $0.01 on Thursday, hitting $2.01. The stock had a trading volume of 389,251 shares, compared to its average volume of 248,556. The stock’s 50 day moving average is $2.19 and its 200-day moving average is $2.62. Inuvo has a 52-week low of $1.62 and a 52-week high of $6.27.
Inuvo (NYSEAMERICAN:INUV – Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $14.26 million for the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%. Equities research analysts anticipate that Inuvo will post -0.02 earnings per share 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.