Inuvo Inc (NYSEAMERICAN:INUV) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 502,100 shares, a drop of 14.1% from the January 15th total of 584,300 shares. Based on an average daily trading volume, of 355,400 shares, the short-interest ratio is presently 1.4 days. Approximately 1.2% of the shares of the company are short sold.
NYSEAMERICAN INUV opened at $0.32 on Friday. Inuvo has a 52-week low of $0.19 and a 52-week high of $1.75.
Inuvo (NYSEAMERICAN:INUV) last issued its earnings results on Thursday, November 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $13.79 million for the quarter, compared to the consensus estimate of $14.00 million.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Inuvo by 8.0% during the second quarter. Vanguard Group Inc. now owns 626,882 shares of the technology company’s stock worth $264,000 after purchasing an additional 46,199 shares during the period. Herald Investment Management Ltd bought a new position in Inuvo during the third quarter worth about $1,354,000. Finally, Perkins Capital Management Inc. boosted its position in Inuvo by 214.2% during the third quarter. Perkins Capital Management Inc. now owns 2,764,826 shares of the technology company’s stock worth $747,000 after purchasing an additional 1,885,000 shares during the period.
Separately, Zacks Investment Research downgraded shares of Inuvo from a “buy” rating to a “hold” rating in a report on Saturday, January 4th.
Inuvo Company Profile
Inuvo, Inc, together with its subsidiaries, a technology company, provides data-driven platforms that automatically identify and message online audiences across video, mobile, connected TV, display, and social and native devices, channels, and formats in the United States. The company's digital marketplace allows advertisers and publishers the opportunity to buy and sell advertising space in real time.
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