Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Expands By 166.8%

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 434,002 shares, a growth of 166.8% from the June 30th total of 162,686 shares. Based on an average daily volume of 414,449 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.1% of the shares of the company are sold short.

Inuvo Stock Up 2.1%

Shares of NYSEAMERICAN:INUV traded up $0.02 during trading on Monday, reaching $0.99. 352,317 shares of the company traded hands, compared to its average volume of 278,320. The firm has a market capitalization of $14.67 million, a PE ratio of -7.62 and a beta of 1.18. Inuvo has a 52 week low of $0.95 and a 52 week high of $5.63. The company’s 50 day moving average is $1.32 and its two-hundred day moving average is $1.93.

Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter. The company had revenue of $7.93 million for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%. As a group, research analysts anticipate that Inuvo will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Inuvo

Hedge funds have recently bought and sold shares of the company. 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 valued at $314,000 after buying an additional 75,307 shares during the period. Jane Street Group LLC lifted its holdings in shares of Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after acquiring an additional 25,693 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Inuvo during the 3rd quarter worth approximately $101,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Inuvo during the 4th quarter worth approximately $51,000. 29.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on INUV. LADENBURG THALM/SH SH cut their price objective on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Zacks Research upgraded shares of Inuvo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Freedom Capital downgraded shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $7.33.

About Inuvo

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.