Inno Holdings Inc. (NASDAQ:INHD – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 146,651 shares, a decrease of 46.9% from the May 14th total of 275,968 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average daily volume of 107,383 shares, the short-interest ratio is currently 1.4 days.
Institutional Investors Weigh In On Inno
Several large investors have recently added to or reduced their stakes in INHD. Jane Street Group LLC acquired a new stake in Inno in the fourth quarter worth $75,000. Two Sigma Investments LP acquired a new stake in Inno in the third quarter worth $58,000. T3 Companies LLC acquired a new stake in Inno in the fourth quarter worth $41,000. Virtu Financial LLC acquired a new position in shares of Inno during the fourth quarter valued at $36,000. Finally, Geode Capital Management LLC increased its holdings in shares of Inno by 48.6% during the second quarter. Geode Capital Management LLC now owns 31,128 shares of the company’s stock valued at $43,000 after purchasing an additional 10,177 shares during the period. 0.16% of the stock is owned by institutional investors and hedge funds.
Inno Stock Performance
Shares of Inno stock remained flat at $39.49 on Monday. The company has a market cap of $99.51 million, a price-to-earnings ratio of -0.26 and a beta of -2.80. The firm’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $23.96. Inno has a 52 week low of $1.01 and a 52 week high of $7,651.20.
Analyst Ratings Changes
Check Out Our Latest Report on INHD
Inno Company Profile
Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.
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