Inno Holdings Inc. (NASDAQ:INHD) Short Interest Update

Inno Holdings Inc. (NASDAQ:INHDGet 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:INHDGet 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

Separately, Weiss Ratings upgraded Inno from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Inno currently has an average rating of “Sell”.

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:INHDFree 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

(Get Free Report)

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.

Further Reading

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