Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Up 166.8% in July

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 434,002 shares, a growth of 166.8% from the June 30th total of 162,686 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily volume of 414,449 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analyst Weigh In

INUV has been the topic of several research analyst reports. LADENBURG THALM/SH SH dropped their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Zacks Research upgraded Inuvo from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Freedom Capital lowered Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $7.33.

Inuvo Stock Performance

Shares of Inuvo stock traded down $0.03 on Wednesday, hitting $0.93. The company’s stock had a trading volume of 37,260 shares, compared to its average volume of 276,379. Inuvo has a 1 year low of $0.95 and a 1 year high of $5.47. The firm has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.91. The company has a market capitalization of $13.80 million, a price-to-earnings ratio of -7.23 and a beta of 1.18.

Inuvo (NYSEAMERICAN:INUV) last issued its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter. The company had revenue of $7.93 million for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. As a group, analysts forecast that Inuvo will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Inuvo

A number of hedge funds have recently added to or reduced their stakes in INUV. Dimensional Fund Advisors LP purchased a new stake in Inuvo during the 4th quarter worth about $51,000. Susquehanna International Group LLP purchased a new stake in Inuvo in the third quarter valued at approximately $101,000. Jane Street Group LLC boosted its stake in Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after purchasing an additional 25,693 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Inuvo by 533.1% during the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after buying an additional 75,307 shares during the period. 29.36% of the stock is currently owned by institutional investors and hedge funds.

About Inuvo

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.