Inuvo, Inc (NYSEAMERICAN:INUV) Shares Shorted: Short Interest Down 38.9% in October

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 292,087 shares, a drop of 38.9% from the September 30th total of 478,248 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 94,265 shares, the short-interest ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INUV shares. LADENBURG THALM/SH SH decreased their price target on shares of Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Zacks Research downgraded Inuvo from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Institutional Trading of Inuvo

A hedge fund recently bought a new stake in Inuvo stock. BlackRock Inc. purchased a new stake in shares of Inuvo, Inc (NYSEAMERICAN:INUV) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 123,814 shares of the company’s stock, valued at approximately $156,000. BlackRock Inc. owned approximately 0.75% of Inuvo as of its most recent filing with the SEC. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

Inuvo Price Performance

Shares of INUV opened at $0.41 on Friday. Inuvo has a twelve month low of $0.40 and a twelve month high of $3.80. The company has a 50 day moving average of $0.56 and a two-hundred day moving average of $1.47. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. The company has a market cap of $6.84 million, a price-to-earnings ratio of -1.38 and a beta of 1.23.

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

Inuvo Company Profile

Inuvo, Inc (NYSE American: INUV) is an advertising technology company that develops artificial intelligence-powered solutions for brands, agencies, publishers and other digital media participants. Its technology is designed to help advertisers identify audiences, deliver relevant advertising and improve campaign performance across digital channels.

The company’s principal platform, IntentKey, uses artificial intelligence and contextual analysis to identify consumer interests and purchase intent.