Innventure, Inc. (NASDAQ:INV) Short Interest Update

Innventure, Inc. (NASDAQ:INV) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,225,234 shares, an increase of 36.6% from the December 15th total of 3,093,852 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,408,695 shares, the short-interest ratio is currently 3.0 days. Based on an average daily trading volume, of 1,408,695 shares, the short-interest ratio is currently 3.0 days. Currently, 8.2% of the shares of the company are short sold.

Innventure Price Performance

INV traded down $0.08 during trading on Monday, reaching $3.75. 2,393,235 shares of the company traded hands, compared to its average volume of 1,820,763. The company has a market cap of $254.03 million, a P/E ratio of -2.48 and a beta of 0.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. Innventure has a 12-month low of $2.36 and a 12-month high of $12.90. The firm has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $4.62.

Innventure (NASDAQ:INV) last released its 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). The company had revenue of ($5.00) million during the quarter, compared to analysts’ expectations of $1.98 million. Innventure had a negative return on equity of 29.39% and a negative net margin of 18,877.40%.

Insider Activity at Innventure

In other news, insider John Stewart Scott sold 452,668 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $5.13, for a total transaction of $2,322,186.84. Following the completion of the sale, the insider owned 1,965,051 shares of the company’s stock, valued at $10,080,711.63. This represents a 18.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory W. Haskell acquired 10,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $5.14 per share, for a total transaction of $51,400.00. Following the purchase, the chief executive officer directly owned 762,115 shares in the company, valued at approximately $3,917,271.10. This trade represents a 1.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 58,786 shares of company stock valued at $244,245 and have sold 3,873,088 shares valued at $15,941,913. 23.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Innventure

A number of hedge funds have recently made changes to their positions in the company. WESPAC Advisors LLC purchased a new position in Innventure during the fourth quarter worth $42,000. Yorkville Advisors Global LP purchased a new position in shares of Innventure during the 3rd quarter worth about $43,000. Fortis Capital Advisors LLC bought a new position in Innventure during the 2nd quarter valued at about $52,000. Naviter Wealth LLC bought a new position in Innventure during the 2nd quarter valued at about $141,000. Finally, Diametric Capital LP raised its position in Innventure by 144.3% in the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after purchasing an additional 19,242 shares during the period. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.00.

About Innventure

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.