Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Declines By 41.8%

Inuvo, Inc (NYSEAMERICAN:INUV) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 252,501 shares, a decrease of 41.8% from the July 15th total of 434,002 shares. Based on an average daily volume of 289,988 shares, the short-interest ratio is currently 0.9 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Inuvo during the 2nd quarter worth about $156,000. Citadel Advisors LLC boosted its position in Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after purchasing an additional 75,307 shares during the last quarter. Susquehanna International Group LLP bought a new position in Inuvo in the third quarter valued at approximately $101,000. Jane Street Group LLC increased its position in shares of Inuvo by 152.3% during the 4th 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. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Inuvo during the 4th quarter worth approximately $51,000. Institutional investors own 29.36% of the company’s stock.

Inuvo Price Performance

Shares of INUV stock opened at $0.78 on Monday. Inuvo has a 52-week low of $0.77 and a 52-week high of $4.42. The stock has a market cap of $12.89 million, a PE ratio of -2.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.60. The firm’s 50 day moving average price is $1.15 and its two-hundred day moving average price is $1.72.

Inuvo (NYSEAMERICAN:INUV) last released its earnings results on Tuesday, August 11th. The company reported ($0.27) EPS for the quarter. The business had revenue of $7.54 million for the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%. As a group, analysts forecast that Inuvo will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INUV shares. Freedom Capital lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Zacks Research upgraded Inuvo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, LADENBURG THALM/SH SH dropped their target price on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Inuvo presently has an average rating of “Buy” and an average price target of $5.00.

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.