Short Interest in Inuvo, Inc (NYSEAMERICAN:INUV) Declines By 53.2%

Inuvo, Inc (NYSEAMERICAN:INUV) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 162,686 shares, a decline of 53.2% from the June 15th total of 347,907 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 147,990 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

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

Inuvo Trading Down 14.0%

NYSEAMERICAN:INUV traded down $0.18 during trading hours on Thursday, hitting $1.11. 254,250 shares of the company were exchanged, compared to its average volume of 275,363. The stock has a market capitalization of $16.45 million, a price-to-earnings ratio of -8.54 and a beta of 1.18. Inuvo has a one year low of $1.00 and a one year high of $6.27. The company has a fifty day simple moving average of $1.42 and a 200 day simple moving average of $2.01.

Inuvo (NYSEAMERICAN:INUV) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter. Inuvo had a negative return on equity of 17.37% and a negative net margin of 2.88%.The firm had revenue of $7.93 million for the quarter. Equities research analysts predict that Inuvo will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Inuvo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Inuvo by 152.3% during the 4th 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 last quarter. Citadel Advisors LLC boosted its stake in shares of 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 purchasing an additional 75,307 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Inuvo in the 3rd quarter valued at $101,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Inuvo during the fourth quarter worth $51,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Inuvo Company Profile

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.