Inno Holdings Inc. (NASDAQ:INHD – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 49,699 shares, a decrease of 54.4% from the August 31st total of 108,982 shares. Based on an average trading volume of 80,587 shares, the days-to-cover ratio is presently 0.6 days. Approximately 2.0% of the company’s stock are sold short.
Institutional Trading of Inno
An institutional investor recently bought a new position in Inno stock. T3 Companies LLC bought a new position in shares of Inno Holdings Inc. (NASDAQ:INHD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,245 shares of the company’s stock, valued at approximately $41,000. T3 Companies LLC owned about 0.89% of Inno at the end of the most recent quarter. 0.16% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on INHD. Weiss Ratings cut shares of Inno from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen raised shares of Inno to a “sell” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
Inno Trading Down 2.9%
Shares of INHD stock traded down $0.09 during trading hours on Monday, reaching $3.01. 18,370 shares of the company’s stock were exchanged, compared to its average volume of 2,481,872. The stock’s 50 day moving average is $12.05 and its 200-day moving average is $16.17. The company has a market cap of $7.59 million, a price-to-earnings ratio of -0.51 and a beta of -24.12. Inno has a fifty-two week low of $1.01 and a fifty-two week high of $1,656.00.
Inno (NASDAQ:INHD – Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported ($0.70) earnings per share (EPS) for the quarter. Inno had a negative net margin of 72.63% and a negative return on equity of 9.47%. The business had revenue of $2.07 million for the quarter.
Inno Company Profile
Inno Holdings Inc is a construction technology company focused on the design, development and manufacture of prefabricated modular buildings and related construction products. The company aims to provide alternatives to conventional construction through factory-produced building components and streamlined assembly processes.
Its offerings include modular residential structures, prefabricated homes and light-gauge steel framing systems. These products are intended for applications such as housing and other building projects, with an emphasis on reducing construction time and improving manufacturing efficiency.
Inno Holdings is headquartered in Austin, Texas.
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