Innventure, Inc. (NASDAQ:INV) Short Interest Up 21.1% in March

Innventure, Inc. (NASDAQ:INV) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,857,079 shares, an increase of 21.1% from the February 26th total of 6,486,600 shares. Based on an average daily volume of 1,884,970 shares, the days-to-cover ratio is presently 4.2 days. Approximately 15.2% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms have commented on INV. Northland Securities set a $8.00 price target on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell” and a consensus target price of $8.00.

Innventure Stock Performance

Innventure stock opened at $3.99 on Wednesday. Innventure has a 1 year low of $2.36 and a 1 year high of $6.96. The company’s 50-day moving average is $3.39 and its two-hundred day moving average is $4.06. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07. The company has a market cap of $269.94 million, a PE ratio of -0.70 and a beta of 0.11.

Hedge Funds Weigh In On Innventure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Innventure during the 4th quarter valued at $32,000. WESPAC Advisors LLC acquired a new stake in shares of Innventure during the fourth quarter worth $42,000. Yorkville Advisors Global LP acquired a new stake in shares of Innventure during the third quarter worth $43,000. Diversify Advisory Services LLC bought a new stake in Innventure in the fourth quarter valued at about $44,000. Finally, Jump Financial LLC bought a new stake in Innventure in the fourth quarter valued at about $61,000. 55.98% of the stock is owned by institutional investors.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.