Short Interest in Innventure, Inc. (NASDAQ:INV) Increases By 36.6%

Innventure, Inc. (NASDAQ:INV) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,225,234 shares, a growth of 36.6% from the December 15th total of 3,093,852 shares. Based on an average trading volume of 1,408,695 shares, the days-to-cover ratio is currently 3.0 days. Currently, 8.2% of the company’s stock are sold short. Currently, 8.2% of the company’s stock are sold short. Based on an average trading volume of 1,408,695 shares, the days-to-cover ratio is currently 3.0 days.

Insider Buying and Selling

In other news, major shareholder We-Inn Llc sold 252,502 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $4.68, for a total transaction of $1,181,709.36. Following the transaction, the insider directly owned 6,135,284 shares of the company’s stock, valued at approximately $28,713,129.12. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel J. Hennessy sold 55,840 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $5.19, for a total transaction of $289,809.60. Following the completion of the transaction, the director owned 761,095 shares of the company’s stock, valued at $3,950,083.05. This trade represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have acquired 58,786 shares of company stock valued at $244,245 and have sold 3,873,088 shares valued at $15,941,913. Insiders own 23.64% of the company’s stock.

Institutional Investors Weigh In On Innventure

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of Innventure by 937.6% in the second quarter. PNC Financial Services Group Inc. now owns 3,074,330 shares of the company’s stock valued at $14,757,000 after purchasing an additional 2,778,036 shares in the last quarter. Abundance Wealth Counselors acquired a new stake in Innventure during the second quarter worth $3,621,000. FWG Holdings LLC increased its holdings in Innventure by 899.9% in the 2nd quarter. FWG Holdings LLC now owns 143,691 shares of the company’s stock valued at $711,000 after buying an additional 129,321 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Innventure in the 2nd quarter valued at $486,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Innventure during the 2nd quarter worth about $52,000. Institutional investors own 55.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Innventure in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $14.00.

Innventure Stock Performance

Shares of Innventure stock traded down $0.08 during trading on Monday, reaching $3.75. The company’s stock had a trading volume of 2,393,235 shares, compared to its average volume of 1,820,763. Innventure has a one year low of $2.36 and a one year high of $12.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. The firm has a market cap of $254.03 million, a price-to-earnings ratio of -2.48 and a beta of 0.10. The business’s fifty day moving average price is $4.51 and its 200-day moving average price is $4.62.

Innventure (NASDAQ:INV) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.The business had revenue of ($5.00) million during the quarter, compared to the consensus estimate of $1.98 million.

Innventure Company Profile

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.