Inno Holdings Inc. (NASDAQ:INHD – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 108,982 shares, a decline of 41.3% from the August 15th total of 185,748 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average trading volume of 322,021 shares, the short-interest ratio is currently 0.3 days.
Inno Trading Down 1.4%
INHD traded down $0.05 on Wednesday, hitting $3.45. 56,732 shares of the company’s stock were exchanged, compared to its average volume of 2,616,633. The stock has a fifty day moving average of $17.84 and a two-hundred day moving average of $17.17. Inno has a twelve month low of $1.01 and a twelve month high of $2,011.20. The firm has a market cap of $8.69 million, a PE ratio of -0.58 and a beta of -24.12.
Inno (NASDAQ:INHD – Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported ($0.70) earnings per share (EPS) for the quarter. Inno had a negative net margin of 72.63% and a negative return on equity of 9.47%. The company had revenue of $2.07 million during the quarter.
Wall Street Analysts Forecast Growth
View Our Latest Report on Inno
Institutional Investors Weigh In On Inno
An institutional investor recently bought a new position in Inno stock. T3 Companies LLC bought a new stake in shares of Inno Holdings Inc. (NASDAQ:INHD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,245 shares of the company’s stock, valued at approximately $41,000. T3 Companies LLC owned approximately 0.89% of Inno at the end of the most recent reporting period. 0.16% of the stock is currently owned by institutional investors and hedge funds.
About Inno
Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects. Inno Holdings Inc was founded in 2019 and is headquartered in Brookshire, Texas.
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