Inno Holdings Inc. (NASDAQ:INHD) Short Interest Update

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 356,305 shares, a decrease of 17.6% from the February 12th total of 432,390 shares. Based on an average daily volume of 139,820 shares, the days-to-cover ratio is currently 2.5 days. Currently, 4.2% of the shares of the company are short sold. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 139,820 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Inno

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Inno during the fourth quarter valued at $75,000. Two Sigma Investments LP purchased a new stake in Inno during the 3rd quarter worth about $58,000. Geode Capital Management LLC raised its stake in Inno by 48.6% in the 2nd quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock valued at $43,000 after purchasing an additional 10,177 shares during the last quarter. Virtu Financial LLC purchased a new position in Inno in the 4th quarter valued at about $36,000. Finally, T3 Companies LLC purchased a new position in Inno in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 0.16% of the company’s stock.

Inno Price Performance

Shares of NASDAQ INHD traded down $0.03 during trading on Wednesday, hitting $1.12. 15,753 shares of the company were exchanged, compared to its average volume of 356,663. Inno has a 1 year low of $0.97 and a 1 year high of $474.72. The company has a market cap of $9.38 million, a price-to-earnings ratio of -0.08 and a beta of -1.06. The firm’s fifty day moving average price is $1.20 and its 200 day moving average price is $24.18.

Inno (NASDAQ:INHD) last announced its quarterly earnings data on Monday, December 15th. The company reported $3.60 EPS for the quarter. The firm had revenue of $1.09 million during the quarter. Inno had a negative net margin of 158.32% and a negative return on equity of 24.17%.

About Inno

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.