Innio N.V. (NASDAQ:INIO) Sees Significant Growth in Short Interest

Innio N.V. (NASDAQ:INIO) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,007,164 shares, a growth of ∞ from the May 31st total of 0 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 8,508,845 shares, the short-interest ratio is presently 0.5 days.

Innio Price Performance

INIO stock traded down $2.00 during mid-day trading on Thursday, hitting $36.13. The stock had a trading volume of 3,716,709 shares, compared to its average volume of 5,092,087. Innio has a 52 week low of $30.30 and a 52 week high of $42.95.

Analyst Upgrades and Downgrades

INIO has been the subject of several recent research reports. Bank of America initiated coverage on Innio in a research report on Monday. They set a “buy” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Innio in a report on Monday. They issued an “overweight” rating and a $44.00 target price on the stock. BNP Paribas Exane assumed coverage on Innio in a report on Monday. They set an “outperform” rating and a $48.00 price target for the company. Royal Bank Of Canada initiated coverage on Innio in a research note on Monday. They issued a “sector perform” rating and a $39.00 price objective on the stock. Finally, Wall Street Zen raised Innio to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Innio currently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

Innio Company Profile

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.