Innio N.V. (NASDAQ:INIO) Short Interest Update

Innio N.V. (NASDAQ:INIO) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 4,007,164 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 8,508,845 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Innio Price Performance

Shares of INIO traded down $0.83 during trading hours on Wednesday, hitting $38.72. The company had a trading volume of 2,367,126 shares, compared to its average volume of 4,776,940. Innio has a one year low of $30.30 and a one year high of $42.95.

Wall Street Analysts Forecast Growth

INIO has been the topic of several research reports. Royal Bank Of Canada started coverage on Innio in a report on Monday. They set a “sector perform” rating and a $39.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a research report on Monday. They set a “hold” rating and a $41.00 price target on the stock. Bank of America initiated coverage on Innio in a report on Monday. They issued a “buy” rating and a $46.00 price objective for the company. Citigroup initiated coverage on shares of Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, Robert W. Baird initiated coverage on shares of Innio in a research report on Monday. They set an “outperform” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.60.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.