Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Expands By 81.8%

Inuvo, Inc (NYSEAMERICAN:INUV) saw a large growth in short interest in 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. Based on an average daily volume of 112,646 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 112,646 shares, the short-interest ratio is presently 0.5 days.

Inuvo Price Performance

INUV traded down $0.39 on Thursday, hitting $3.02. 436,642 shares of the stock were exchanged, compared to its average volume of 312,354. The firm has a market capitalization of $44.12 million, a price-to-earnings ratio of -9.44 and a beta of 0.92. Inuvo has a 12 month low of $2.34 and a 12 month high of $6.27. The business has a 50-day moving average of $2.72 and a two-hundred day moving average of $3.55.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Inuvo

Several hedge funds and other institutional investors have recently made changes to their positions in INUV. Belpointe Asset Management LLC bought a new stake in shares of Inuvo during the first quarter worth $25,000. GSA Capital Partners LLP acquired a new stake in shares of Inuvo during the 3rd quarter valued at $38,000. Barden Capital Management Inc. bought a new stake in Inuvo during the 2nd quarter worth $72,000. Susquehanna International Group LLP acquired a new position in shares of Inuvo in the third quarter valued at approximately $101,000. Finally, Citadel Advisors LLC raised its holdings in Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after buying an additional 75,307 shares during the last quarter. 29.36% of the stock is owned by institutional investors.

About Inuvo

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.