Innventure, Inc. (NASDAQ:INV) Short Interest Up 21.1% in March

Innventure, Inc. (NASDAQ:INV) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 7,857,079 shares, an increase of 21.1% from the February 26th total of 6,486,600 shares. Based on an average daily trading volume, of 1,884,970 shares, the short-interest ratio is presently 4.2 days. Currently, 15.2% of the company’s shares are sold short.

Innventure Price Performance

INV opened at $3.61 on Tuesday. The stock has a market cap of $244.54 million, a P/E ratio of -2.39 and a beta of 0.11. Innventure has a 12 month low of $2.36 and a 12 month high of $8.15. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $4.08.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INV. Northland Securities set a $8.00 price target on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Innventure currently has an average rating of “Sell” and an average price target of $8.00.

Institutional Investors Weigh In On Innventure

Large investors have recently modified their holdings of the business. Yorkville Advisors Global LP bought a new position in shares of Innventure during the 3rd quarter valued at about $43,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Innventure during the 4th quarter worth approximately $32,000. WESPAC Advisors LLC acquired a new stake in Innventure during the 4th quarter worth approximately $42,000. Diversify Advisory Services LLC acquired a new stake in Innventure during the 4th quarter worth approximately $44,000. Finally, Jump Financial LLC bought a new position in Innventure in the fourth quarter valued at approximately $61,000. 55.98% of the stock is currently owned by institutional investors.

Innventure Company Profile

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.