Inuvo, Inc. (NYSE:INUV) Short Interest Update

Inuvo, Inc. (NYSE:INUV) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 105,100 shares, a drop of 85.7% from the May 15th total of 734,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 80,200 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

INUV has been the subject of a number of analyst reports. Wall Street Zen began coverage on Inuvo in a research report on Tuesday, May 20th. They issued a “hold” rating for the company. HC Wainwright reiterated a “buy” rating and set a $20.00 price objective on shares of Inuvo in a research note on Tuesday, May 13th.

Institutional Trading of Inuvo

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company’s stock valued at $328,000 after acquiring an additional 43,349 shares during the last quarter. Perkins Capital Management Inc. grew its position in shares of Inuvo by 3.7% during the fourth quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company’s stock valued at $4,579,000 after purchasing an additional 255,590 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Inuvo by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company’s stock worth $778,000 after purchasing an additional 134,497 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Inuvo in the first quarter worth about $25,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Inuvo Price Performance

Shares of INUV stock opened at $3.04 on Thursday. Inuvo has a one year low of $1.90 and a one year high of $7.90. The company’s fifty day moving average price is $3.97 and its 200-day moving average price is $4.19. The company has a market capitalization of $438.53 million, a price-to-earnings ratio of -50.67 and a beta of 0.80.

Inuvo (NYSE:INUV) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). Inuvo had a negative return on equity of 57.24% and a negative net margin of 10.59%. During the same period last year, the firm posted ($0.10) earnings per share. Equities research analysts expect that Inuvo will post -0.02 earnings per share for the current fiscal year.

About Inuvo

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.