Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Expands By 108.6%

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 385,848 shares, a growth of 108.6% from the January 15th total of 184,939 shares. Based on an average daily volume of 380,837 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.8% of the company’s shares are short sold. Currently, 2.8% of the company’s shares are short sold. Based on an average daily volume of 380,837 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

Separately, HC Wainwright set a $6.00 target price on shares of Inuvo and gave the stock a “buy” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $9.00.

Institutional Trading of Inuvo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barden Capital Management Inc. purchased a new position in Inuvo during the 2nd quarter valued at $72,000. GSA Capital Partners LLP purchased a new stake in shares of Inuvo in the 3rd quarter worth about $38,000. Citadel Advisors LLC boosted its stake in shares of Inuvo by 533.1% during the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after purchasing an additional 75,307 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Inuvo during the 3rd quarter valued at about $101,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Inuvo during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Inuvo Price Performance

INUV opened at $1.84 on Friday. Inuvo has a one year low of $1.62 and a one year high of $6.27. The business has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $3.15. The firm has a market capitalization of $26.88 million, a price-to-earnings ratio of -5.75 and a beta of 1.26.

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.