Innventure, Inc. (NASDAQ:INV) Short Interest Up 38.6% in January

Innventure, Inc. (NASDAQ:INV) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 6,690,015 shares, a growth of 38.6% from the January 15th total of 4,827,141 shares. Based on an average daily trading volume, of 1,959,253 shares, the short-interest ratio is currently 3.4 days. Approximately 12.9% of the shares of the company are sold short. Approximately 12.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,959,253 shares, the short-interest ratio is currently 3.4 days.

Innventure Price Performance

INV traded up $0.07 during trading on Monday, reaching $3.02. The stock had a trading volume of 857,522 shares, compared to its average volume of 1,589,878. The stock has a 50 day moving average of $4.04 and a two-hundred day moving average of $4.39. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $204.57 million, a price-to-earnings ratio of -2.00 and a beta of 0.09. Innventure has a 1-year low of $2.36 and a 1-year high of $11.25.

Innventure (NASDAQ:INV) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.27). The firm had revenue of ($5.00) million for the quarter, compared to analyst estimates of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Insider Buying and Selling

In other news, CEO Gregory W. Haskell acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the transaction, the chief executive officer directly owned 762,115 shares in the company, valued at $3,917,271.10. This trade represents a 1.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Hennessy sold 55,840 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $5.19, for a total transaction of $289,809.60. Following the transaction, the director directly owned 761,095 shares of the company’s stock, valued at $3,950,083.05. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 58,786 shares of company stock valued at $244,245 and sold 2,731,703 shares valued at $12,495,241. 23.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Innventure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of Innventure by 55.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock valued at $853,000 after purchasing an additional 39,636 shares in the last quarter. Jane Street Group LLC acquired a new stake in Innventure during the first quarter valued at approximately $172,000. Angeles Wealth Management LLC acquired a new stake in Innventure during the second quarter valued at approximately $331,000. FWG Holdings LLC boosted its holdings in Innventure by 899.9% during the second quarter. FWG Holdings LLC now owns 143,691 shares of the company’s stock worth $711,000 after buying an additional 129,321 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Innventure by 937.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock worth $14,757,000 after buying an additional 2,778,036 shares in the last quarter. 55.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INV has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. Northland Securities set a $8.00 target price on Innventure in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Innventure Company Profile

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.