Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Up 81.8% in December

Inuvo, Inc (NYSEAMERICAN:INUV) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 57,719 shares, a growth of 81.8% from the December 15th total of 31,742 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 112,646 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 112,646 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Inuvo Stock Down 4.3%

Shares of INUV traded down $0.13 during mid-day trading on Friday, hitting $2.89. 291,757 shares of the company traded hands, compared to its average volume of 207,059. The business has a 50 day moving average of $2.74 and a 200 day moving average of $3.52. The company has a market capitalization of $42.22 million, a PE ratio of -9.03 and a beta of 0.92. Inuvo has a 1-year low of $2.34 and a 1-year high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter. Inuvo had a negative return on equity of 35.30% and a negative net margin of 4.44%.The business had revenue of $22.57 million for the quarter. As a group, research analysts expect that Inuvo will post -0.02 EPS for the current fiscal year.

Institutional Trading of Inuvo

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its position in Inuvo by 533.1% in 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 period. Belpointe Asset Management LLC acquired a new stake in shares of Inuvo during the 1st quarter worth about $25,000. Susquehanna International Group LLP purchased a new stake in Inuvo in the 3rd quarter valued at about $101,000. Barden Capital Management Inc. acquired a new position in Inuvo in the second quarter valued at about $72,000. Finally, GSA Capital Partners LLP acquired a new position in Inuvo in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their price target on Inuvo from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $11.00.

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.