Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 393,126 shares, a growth of 55.7% from the July 30th total of 252,501 shares. Based on an average daily trading volume, of 371,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.5% of the company’s shares are short sold.

Hedge Funds Weigh In On Inuvo

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP acquired a new position in shares of Inuvo in the 4th quarter valued at approximately $51,000. Susquehanna International Group LLP acquired a new stake in Inuvo during the 3rd quarter worth approximately $101,000. Jane Street Group LLC lifted its stake in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after buying an additional 25,693 shares in the last quarter. BlackRock Inc. bought a new position in Inuvo in the second quarter valued at approximately $156,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Inuvo by 533.1% in the third 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. Institutional investors own 29.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Freedom Capital lowered Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Zacks Research downgraded shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Finally, LADENBURG THALM/SH SH reduced their price objective on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Inuvo Price Performance

INUV opened at $0.66 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. Inuvo has a 12 month low of $0.65 and a 12 month high of $4.42. The company has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $1.59. The stock has a market cap of $10.81 million, a P/E ratio of -2.19 and a beta of 1.20.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.27) earnings per share for the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%.The business had revenue of $7.54 million for the quarter. On average, research analysts expect that Inuvo will post -0.18 EPS for the current 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.