Inuvo, Inc (NYSEAMERICAN:INUV) Shares Shorted: Short Interest Down 38.9% in October

Inuvo, Inc (NYSEAMERICAN:INUV) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 292,087 shares, a decline of 38.9% from the September 30th total of 478,248 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 94,265 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

INUV has been the subject of a number of recent research reports. Zacks Research lowered Inuvo from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. LADENBURG THALM/SH SH reduced their price target on Inuvo from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.00.

Inuvo Trading Up 3.3%

NYSEAMERICAN:INUV traded up $0.01 during mid-day trading on Tuesday, reaching $0.44. 49,749 shares of the company’s stock traded hands, compared to its average volume of 243,831. Inuvo has a 12-month low of $0.40 and a 12-month high of $3.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50 day moving average price of $0.55 and a 200-day moving average price of $1.46. The firm has a market capitalization of $7.23 million, a price-to-earnings ratio of -1.46 and a beta of 1.23.

Inuvo (NYSEAMERICAN:INUV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.27) earnings per share for the quarter. Inuvo had a negative return on equity of 43.78% and a negative net margin of 8.57%. The business had revenue of $7.54 million during the quarter. On average, sell-side analysts predict that Inuvo will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Inuvo stock. BlackRock Inc. bought a new position in Inuvo, Inc (NYSEAMERICAN:INUV) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 123,814 shares of the company’s stock, valued at approximately $156,000. BlackRock Inc. owned 0.75% of Inuvo at the end of the most recent quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

Inuvo Company Profile

Inuvo, Inc (NYSE American: INUV) is an advertising technology company that develops artificial intelligence-powered solutions for brands, agencies, publishers and other digital media participants. Its technology is designed to help advertisers identify audiences, deliver relevant advertising and improve campaign performance across digital channels.

The company’s principal platform, IntentKey, uses artificial intelligence and contextual analysis to identify consumer interests and purchase intent.