Inno Holdings Inc. (NASDAQ:INHD) Short Interest Update

Inno Holdings Inc. (NASDAQ:INHD) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,764,057 shares, a drop of 18.4% from the November 30th total of 2,161,859 shares. Approximately 43.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,519,333 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 36,519,333 shares, the short-interest ratio is currently 0.0 days. Approximately 43.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Inno

A hedge fund recently raised its stake in Inno stock. Geode Capital Management LLC lifted its position in shares of Inno Holdings Inc. (NASDAQ:INHD) by 48.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,128 shares of the company’s stock after purchasing an additional 10,177 shares during the quarter. Geode Capital Management LLC owned about 0.40% of Inno worth $43,000 as of its most recent filing with the Securities & Exchange Commission. 0.16% of the stock is currently owned by institutional investors and hedge funds.

Inno Price Performance

Inno stock traded down $0.03 during trading hours on Wednesday, reaching $1.14. The stock had a trading volume of 441,227 shares, compared to its average volume of 1,340,221. The company has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $39.23. Inno has a 52 week low of $1.06 and a 52 week high of $474.72. The stock has a market cap of $4.65 million, a PE ratio of -0.06 and a beta of -1.80.

Analyst Ratings Changes

INHD has been the subject of a number of research reports. Wall Street Zen cut shares of Inno to a “strong sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Inno in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Inno presently has a consensus rating of “Sell”.

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.