Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Up 81.8% in December

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 57,719 shares, an increase of 81.8% from the December 15th total of 31,742 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 112,646 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 112,646 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their price objective on Inuvo from $15.00 to $10.00 and set a “buy” rating for the company in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $11.00.

Inuvo Trading Down 4.3%

INUV traded down $0.13 during trading on Friday, reaching $2.89. 291,757 shares of the company were exchanged, compared to its average volume of 207,059. Inuvo has a 52 week low of $2.34 and a 52 week high of $6.27. The firm has a 50 day moving average of $2.74 and a 200 day moving average of $3.53. The stock has a market cap of $42.22 million, a P/E ratio of -9.03 and a beta of 0.92.

Inuvo (NYSEAMERICAN:INUV) last posted its earnings results on Thursday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $22.57 million during the quarter. Inuvo had a negative net margin of 4.44% and a negative return on equity of 35.30%. As a group, analysts forecast that Inuvo will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in shares of Inuvo by 533.1% during the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after purchasing an additional 75,307 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Inuvo during the first quarter valued at approximately $25,000. Susquehanna International Group LLP purchased a new stake in Inuvo in the 3rd quarter worth approximately $101,000. Barden Capital Management Inc. acquired a new stake in shares of Inuvo during the 2nd quarter valued at $72,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Inuvo during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.