Inno Holdings Inc. (NASDAQ:INHD) Sees Large Increase in Short Interest

Inno Holdings Inc. (NASDAQ:INHD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 130,004 shares, an increase of 142.2% from the September 30th total of 53,684 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average trading volume of 1,328,145 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Inno from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. Wall Street Zen upgraded shares of Inno to a “sell” rating in a research note on Saturday, September 19th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Inno Price Performance

INHD stock traded down $0.17 during trading on Friday, reaching $3.67. 13,347 shares of the stock traded hands, compared to its average volume of 749,474. Inno has a 52-week low of $1.01 and a 52-week high of $1,656.00. The business’s 50 day moving average price is $4.08 and its 200-day moving average price is $15.93. The firm has a market capitalization of $9.25 million, a PE ratio of -0.62 and a beta of -23.22.

Inno (NASDAQ:INHD) last released its quarterly earnings results on Tuesday, August 18th. The company reported ($0.70) EPS for the quarter. Inno had a negative return on equity of 9.47% and a negative net margin of 72.63%. The company had revenue of $2.07 million for the quarter.

Inno Company Profile

Inno Holdings Inc is a construction technology company focused on developing and applying 3D-printing and modular construction methods. The company aims to improve the efficiency, affordability and sustainability of residential and commercial building projects.

Its activities include the design and construction of 3D-printed homes and other structures, along with the development of related building systems, materials and construction technologies. These solutions are intended to support faster project completion and reduce material waste compared with traditional construction methods.

Inno Holdings is based in the United States and serves the domestic construction market.