Innio N.V. (NASDAQ:INIO) Sees Significant Increase in Short Interest

Innio N.V. (NASDAQ:INIOGet Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,007,164 shares, a growth of ∞ from the May 31st total of 0 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 8,508,845 shares, the short-interest ratio is currently 0.5 days.

Innio Price Performance

Shares of INIO stock traded down $0.83 on Wednesday, reaching $38.72. 2,367,126 shares of the company’s stock were exchanged, compared to its average volume of 4,776,940. Innio has a 52 week low of $30.30 and a 52 week high of $42.95.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INIO shares. Wall Street Zen raised Innio to a “hold” rating in a research report on Saturday, June 13th. Royal Bank Of Canada assumed coverage on shares of Innio in a research note on Monday. They set a “sector perform” rating and a $39.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of Innio in a research report on Monday. They set an “outperform” rating and a $48.00 price objective on the stock. UBS Group assumed coverage on shares of Innio in a report on Monday. They issued a “buy” rating and a $47.00 target price for the company. Finally, Robert W. Baird started coverage on shares of Innio in a research note on Monday. They set an “outperform” rating and a $50.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.60.

View Our Latest Report on INIO

Innio Company Profile

(Get Free Report)

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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