Inuvo, Inc (NYSEAMERICAN:INUV) Sees Large Growth in Short Interest

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 434,002 shares, an increase of 166.8% from the June 30th total of 162,686 shares. Based on an average daily trading volume, of 414,449 shares, the short-interest ratio is presently 1.0 days. Approximately 3.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Inuvo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new stake in Inuvo in the 4th quarter valued at approximately $51,000. Susquehanna International Group LLP acquired a new stake in Inuvo in the third quarter worth about $101,000. Jane Street Group LLC lifted its holdings in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock worth $106,000 after purchasing an additional 25,693 shares during the period. Finally, Citadel Advisors LLC grew its position in Inuvo by 533.1% in the 3rd quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after buying an additional 75,307 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Inuvo Price Performance

Shares of INUV stock traded down $0.03 during trading hours on Tuesday, reaching $0.96. The stock had a trading volume of 254,412 shares, compared to its average volume of 278,234. Inuvo has a twelve month low of $0.95 and a twelve month high of $5.47. The firm has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.91. The firm has a market capitalization of $14.23 million, a PE ratio of -7.38 and a beta of 1.18.

Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. The firm had revenue of $7.93 million for the quarter. On average, equities analysts anticipate that Inuvo will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

INUV has been the subject of a number of research reports. LADENBURG THALM/SH SH decreased their target price on Inuvo from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Freedom Capital cut Inuvo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Zacks Research raised Inuvo from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $7.33.

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.