Inno Holdings Inc. (NASDAQ:INHD) Sees Significant Growth in Short Interest

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 28,800 shares, a growth of 29.1% from the January 31st total of 22,300 shares. Based on an average trading volume of 23,600 shares, the short-interest ratio is currently 1.2 days. Approximately 1.4% of the shares of the company are sold short.

Inno Price Performance

INHD traded up $0.11 during trading on Tuesday, reaching $4.67. The company’s stock had a trading volume of 4,972 shares, compared to its average volume of 17,055. Inno has a 52-week low of $3.00 and a 52-week high of $10.70. The company’s fifty day moving average price is $4.82 and its 200-day moving average price is $4.87.

Inno (NASDAQ:INHD) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.22) earnings per share for the quarter. Inno had a negative net margin of 329.18% and a negative return on equity of 62.48%. The business had revenue of $200 billion during the quarter.

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.