Innio N.V. (NASDAQ:INIO) Short Interest Update

Innio N.V. (NASDAQ:INIO) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 8,076,525 shares, an increase of 101.6% from the June 15th total of 4,007,164 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 4,246,141 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

A number of research analysts recently weighed in on INIO shares. The Goldman Sachs Group started coverage on Innio in a research note on Monday, June 29th. They issued a “buy” rating and a $42.00 price objective on the stock. Wall Street Zen upgraded Innio to a “hold” rating in a report on Saturday, June 13th. Morgan Stanley assumed coverage on shares of Innio in a research report on Monday, June 29th. They issued an “overweight” rating and a $47.00 price target on the stock. Royal Bank Of Canada began coverage on shares of Innio in a research note on Monday, June 29th. They issued a “sector perform” rating and a $39.00 price objective for the company. Finally, Zacks Research raised shares of Innio to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Innio presently has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Trading Down 2.1%

Shares of Innio stock traded down $0.65 during trading on Wednesday, reaching $30.16. The company’s stock had a trading volume of 5,291,043 shares, compared to its average volume of 5,108,209. Innio has a one year low of $29.39 and a one year high of $42.95.

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.