Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Expands By 166.8%

Inuvo, Inc (NYSEAMERICAN:INUV) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 434,002 shares, an increase of 166.8% from the June 30th total of 162,686 shares. Based on an average daily trading volume, of 414,449 shares, the short-interest ratio is currently 1.0 days. Currently, 3.1% of the shares of the company are short sold.

Institutional Trading of Inuvo

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in Inuvo in the 4th quarter valued at $51,000. Susquehanna International Group LLP acquired a new stake in shares of Inuvo during the third quarter worth $101,000. Jane Street Group LLC lifted its holdings in shares of Inuvo by 152.3% during the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after buying an additional 25,693 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after acquiring an additional 75,307 shares during the period. 29.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on INUV. LADENBURG THALM/SH SH decreased their target price on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Zacks Research raised Inuvo from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Freedom Capital cut shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $7.33.

Inuvo Price Performance

Inuvo stock traded up $0.02 during trading hours on Monday, hitting $0.99. The company had a trading volume of 352,317 shares, compared to its average volume of 278,320. The firm has a market cap of $14.67 million, a PE ratio of -7.62 and a beta of 1.18. Inuvo has a one year low of $0.95 and a one year high of $5.63. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.93.

Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%.The company had revenue of $7.93 million during the quarter. As a group, research analysts expect that Inuvo will post -0.12 earnings per share for the current year.

Inuvo Company Profile

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.