Inuvo, Inc (NYSEAMERICAN:INUV) Short Interest Update

Inuvo, Inc (NYSEAMERICAN:INUV) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 541,544 shares, an increase of 31.5% from the February 26th total of 411,824 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average daily volume of 628,006 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Inuvo

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in shares of Inuvo during the third quarter worth about $38,000. Citadel Advisors LLC lifted its holdings in Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock worth $314,000 after purchasing an additional 75,307 shares in the last quarter. Susquehanna International Group LLP bought a new position in Inuvo in the 3rd quarter worth approximately $101,000. Dimensional Fund Advisors LP purchased a new stake in Inuvo during the 4th quarter valued at approximately $51,000. Finally, Jane Street Group LLC grew its holdings in Inuvo by 152.3% during the 4th quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after buying an additional 25,693 shares in the last quarter. 29.36% of the stock is owned by institutional investors.

Inuvo Stock Performance

Shares of INUV traded up $0.18 during mid-day trading on Tuesday, hitting $2.07. 126,717 shares of the company traded hands, compared to its average volume of 327,653. The stock has a 50-day moving average price of $2.33 and a two-hundred day moving average price of $2.77. Inuvo has a 1 year low of $1.62 and a 1 year high of $6.27. The stock has a market cap of $30.45 million, a price-to-earnings ratio of -5.75 and a beta of 1.24.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $14.26 million during the quarter. Inuvo had a negative return on equity of 44.34% and a negative net margin of 5.91%. On average, analysts forecast that Inuvo will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INUV. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of Inuvo in a report on Monday, March 9th. Freedom Capital upgraded Inuvo to a “strong-buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.00.

Inuvo Company Profile

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.