Inno Holdings Inc. (NASDAQ:INHD) Short Interest Down 52.7% in May

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 244,600 shares, a decline of 52.7% from the May 15th total of 517,400 shares. Based on an average daily trading volume, of 900,000 shares, the short-interest ratio is presently 0.3 days. Approximately 5.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Inno to a “sell” rating in a research note on Friday, June 6th.

Inno Stock Performance

Shares of NASDAQ INHD traded up $0.02 during midday trading on Monday, hitting $1.19. 123,312 shares of the company’s stock were exchanged, compared to its average volume of 262,142. Inno has a 12 month low of $1.11 and a 12 month high of $19.78. The company’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.50.

Inno (NASDAQ:INHD) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.31) EPS for the quarter. Inno had a negative net margin of 329.18% and a negative return on equity of 62.48%. The firm had revenue of $0.48 million 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.