Inuvo Inc (INUV) Sees Large Increase in Short Interest

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Inuvo Inc (NYSEAMERICAN:INUV) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 154,881 shares, a growth of 38.4% from the December 14th total of 111,903 shares. Based on an average daily trading volume, of 173,496 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

NYSEAMERICAN INUV opened at $1.16 on Friday. Inuvo has a 52 week low of $0.36 and a 52 week high of $1.55.

Inuvo (NYSEAMERICAN:INUV) last released its earnings results on Wednesday, November 7th. The technology company reported ($0.04) EPS for the quarter. The firm had revenue of $16.81 million during the quarter, compared to the consensus estimate of $21.52 million.

An institutional investor recently raised its position in Inuvo stock. Renaissance Technologies LLC increased its stake in shares of Inuvo Inc (NYSEAMERICAN:INUV) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,529,120 shares of the technology company’s stock after purchasing an additional 50,400 shares during the period. Renaissance Technologies LLC owned approximately 4.71% of Inuvo worth $948,000 as of its most recent SEC filing.

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Inuvo Company Profile

Inuvo, Inc, together with its subsidiaries, develops technology that connects advertisers with consumers through interactions with content across devices in the United States. The company's exchange is digital marketplace that allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

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