Short Interest in Innovaro Inc. (OTCMKTS:INNI) Increases By 2,320.8%

Innovaro Inc. (OTCMKTS:INNI) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 14,525 shares, a growth of 2,320.8% from the January 15th total of 600 shares. Based on an average trading volume of 905,136 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 905,136 shares, the days-to-cover ratio is currently 0.0 days.

Innovaro Stock Performance

INNI traded up $0.00 during trading on Tuesday, reaching $0.04. The stock had a trading volume of 137,810 shares, compared to its average volume of 349,328. The stock has a 50 day moving average of $0.02 and a two-hundred day moving average of $0.01. Innovaro has a 1-year low of $0.00 and a 1-year high of $0.05.

About Innovaro

Innovaro, Inc does not have significant operations. The company plans to acquire an operating company through reverse merger. Previously, it was engaged in the provision of software services. The company was formerly known as UTEK Corporation and changed its name to Innovaro, Inc in July 2010. Innovaro, Inc was incorporated in 1999 and is based in Smyrna, Delaware.