Inuvo, Inc (NYSEAMERICAN:INUV) Sees Large Decrease in Short Interest

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 292,087 shares, a decline of 38.9% from the September 30th total of 478,248 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 94,265 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

A number of analysts have commented on INUV shares. Zacks Research lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. LADENBURG THALM/SH SH dropped their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Inuvo Trading Down 4.4%

Inuvo stock opened at $0.41 on Friday. The business’s fifty day simple moving average is $0.56 and its two-hundred day simple moving average is $1.47. Inuvo has a 12 month low of $0.40 and a 12 month high of $3.80. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $6.84 million, a price-to-earnings ratio of -1.38 and a beta of 1.23.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.27) EPS for the quarter. Inuvo had a negative net margin of 8.57% and a negative return on equity of 43.78%. The business had revenue of $7.54 million for the quarter. As a group, equities analysts predict that Inuvo will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Inuvo

A hedge fund recently bought a new stake in Inuvo stock. BlackRock Inc. purchased a new position in shares of Inuvo, Inc (NYSEAMERICAN:INUV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 123,814 shares of the company’s stock, valued at approximately $156,000. BlackRock Inc. owned 0.75% of Inuvo as of its most recent SEC filing. Institutional investors and hedge funds own 29.36% of the company’s stock.

About Inuvo

Inuvo, Inc (NYSE American: INUV) is an advertising technology company that develops artificial intelligence-powered solutions for brands, agencies, publishers and other digital media participants. Its technology is designed to help advertisers identify audiences, deliver relevant advertising and improve campaign performance across digital channels.

The company’s principal platform, IntentKey, uses artificial intelligence and contextual analysis to identify consumer interests and purchase intent.