Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 349,430 shares, a drop of 35.5% from the March 15th total of 541,544 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 236,278 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Inuvo

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of Inuvo by 152.3% during the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after purchasing an additional 25,693 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Inuvo during the fourth quarter worth $51,000. Susquehanna International Group LLP bought a new stake in shares of Inuvo during the third quarter worth $101,000. Citadel Advisors LLC grew its holdings in shares of Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Inuvo during the third quarter worth $38,000. Institutional investors own 29.36% of the company’s stock.

Analyst Upgrades and Downgrades

INUV has been the topic of several analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Inuvo in a report on Monday, March 9th. Freedom Capital upgraded shares of Inuvo to a “strong-buy” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $9.00.

Inuvo Price Performance

Shares of INUV stock traded down $0.02 during trading hours on Tuesday, hitting $1.86. 222,088 shares of the company’s stock were exchanged, compared to its average volume of 221,591. The stock’s 50-day moving average is $2.17 and its 200-day moving average is $2.63. The stock has a market cap of $27.36 million, a price-to-earnings ratio of -5.17 and a beta of 1.33. Inuvo has a 52 week low of $1.62 and a 52 week high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Thursday, March 5th. The company reported ($0.04) EPS for the quarter. The business had revenue of $14.26 million for the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%. Equities research analysts forecast that Inuvo will post -0.02 earnings per share for the current fiscal 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.