Inuvo, Inc (NYSEAMERICAN:INUV) Sees Significant Increase in Short Interest

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 393,126 shares, an increase of 55.7% from the July 30th total of 252,501 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 371,800 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Freedom Capital lowered shares of Inuvo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. LADENBURG THALM/SH SH cut their price target on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Zacks Research cut shares of Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new position in Inuvo in the 4th quarter worth $51,000. Jane Street Group LLC boosted its stake in shares of Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after purchasing an additional 25,693 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Inuvo during the third quarter valued at about $101,000. Citadel Advisors LLC increased its position in shares of Inuvo by 533.1% during the third 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 period. Finally, BlackRock Inc. bought a new position in Inuvo in the second quarter worth about $156,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

Inuvo Trading Down 4.7%

NYSEAMERICAN INUV opened at $0.67 on Wednesday. Inuvo has a fifty-two week low of $0.66 and a fifty-two week high of $4.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day simple moving average of $0.99 and a two-hundred day simple moving average of $1.60. The stock has a market cap of $10.99 million, a P/E ratio of -2.22 and a beta of 1.21.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $7.54 million for the quarter. Inuvo had a negative net margin of 8.57% and a negative return on equity of 43.78%. On average, analysts forecast that Inuvo will post -0.18 earnings per share for the current year.

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.