Inno Holdings Inc. (NASDAQ:INHD) Stock Short Interest Climbs 142.2%

Inno Holdings Inc. (NASDAQ:INHD) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 130,004 shares, an increase of 142.2% from the September 30th total of 53,684 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,328,145 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen raised Inno to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings downgraded shares of Inno from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Inno presently has an average rating of “Sell”.

Inno Trading Down 4.0%

Shares of NASDAQ INHD traded down $0.15 during trading hours on Friday, reaching $3.69. The stock had a trading volume of 11,127 shares, compared to its average volume of 2,224,920. Inno has a fifty-two week low of $1.01 and a fifty-two week high of $1,656.00. The firm has a market cap of $9.29 million, a price-to-earnings ratio of -0.62 and a beta of -23.22. The firm has a 50-day moving average of $4.15 and a 200-day moving average of $16.05.

Inno (NASDAQ:INHD) last announced its quarterly earnings data on Tuesday, August 18th. The company reported ($0.70) earnings per share for the quarter. The business had revenue of $2.07 million for the quarter. Inno had a negative return on equity of 9.47% and a negative net margin of 72.63%.

Inno Company Profile

Inno Holdings Inc is a construction technology company focused on developing and applying 3D-printing and modular construction methods. The company aims to improve the efficiency, affordability and sustainability of residential and commercial building projects.

Its activities include the design and construction of 3D-printed homes and other structures, along with the development of related building systems, materials and construction technologies. These solutions are intended to support faster project completion and reduce material waste compared with traditional construction methods.

Inno Holdings is based in the United States and serves the domestic construction market.