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

Innio N.V. (NASDAQ:INIO) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 8,076,525 shares, a growth of 101.6% from the June 15th total of 4,007,164 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 4,246,141 shares, the days-to-cover ratio is currently 1.9 days.

Innio Price Performance

NASDAQ:INIO traded down $2.14 during trading hours on Thursday, reaching $28.02. The stock had a trading volume of 4,543,086 shares, compared to its average volume of 5,088,034. Innio has a 12-month low of $27.56 and a 12-month high of $42.95.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INIO shares. Deutsche Bank Aktiengesellschaft initiated coverage on Innio in a report on Monday, June 29th. They set a “hold” rating and a $41.00 price target on the stock. Robert W. Baird began coverage on Innio in a research report on Monday, June 29th. They set an “outperform” rating and a $50.00 target price for the company. Bank of America began coverage on Innio in a research note on Monday, June 29th. They set a “buy” rating and a $46.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Innio in a report on Monday, June 29th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $47.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.60.

About Innio

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.