Innio N.V. (NASDAQ:INIO – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,007,164 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 8,508,845 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are short sold.
Analysts Set New Price Targets
A number of research firms recently issued reports on INIO. BNP Paribas Exane initiated coverage on Innio in a research report on Monday. They issued an “outperform” rating and a $48.00 target price on the stock. Wall Street Zen raised Innio to a “hold” rating in a research report on Saturday, June 13th. Citigroup assumed coverage on Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price target for the company. UBS Group started coverage on Innio in a research report on Monday. They set a “buy” rating and a $47.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on Innio in a research note on Monday. They set a “buy” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.60.
Check Out Our Latest Stock Report on Innio
Innio Price Performance
Innio Company Profile
INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.
The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.
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