Inuvo, Inc (NYSEAMERICAN:INUV) Sees Large Increase in Short Interest

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 541,544 shares, a growth of 31.5% from the February 26th total of 411,824 shares. Based on an average daily volume of 628,006 shares, the short-interest ratio is currently 0.9 days. Approximately 3.9% of the company’s shares are short sold.

Inuvo Trading Down 1.6%

Shares of INUV stock traded down $0.03 on Monday, reaching $1.89. The company had a trading volume of 275,352 shares, compared to its average volume of 435,456. The stock has a market cap of $27.80 million, a PE ratio of -5.25 and a beta of 1.24. The company has a 50-day moving average of $2.33 and a 200-day moving average of $2.77. Inuvo has a 12 month low of $1.62 and a 12 month high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings data on Thursday, March 5th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $14.26 million for the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%. Sell-side analysts anticipate that Inuvo will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Inuvo

Several institutional investors and hedge funds have recently made changes to their positions in INUV. Citadel Advisors LLC increased its holdings in Inuvo by 533.1% during the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after purchasing an additional 25,693 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Inuvo during the third quarter worth about $101,000. Dimensional Fund Advisors LP acquired a new position in shares of Inuvo during the fourth quarter worth about $51,000. Finally, GSA Capital Partners LLP bought a new position in shares of Inuvo during the third quarter worth about $38,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Freedom Capital upgraded shares of Inuvo to a “strong-buy” rating in a research report on Wednesday, February 11th. HC Wainwright reissued a “buy” rating and set a $6.00 price target on shares of Inuvo in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $9.00.

Inuvo Company Profile

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.