Innventure, Inc. (NASDAQ:INV) Short Interest Up 21.1% in March

Key Points

• Short interest up 21.1% in March to 7,857,079 shares, equal to roughly 15.2% of the float and a short-interest ratio of 4.2 days based on average daily volume.
• The stock carries a MarketBeat consensus rating of "Sell" with an average price target of $8.00 (individual reports include Northland's $8.00 target and Weiss Ratings' "sell (d-)" note).
• Shares opened at $3.61 and were trading down about 5%, with a market cap of $244.5M and a negative trailing P/E of -2.39.

Innventure, Inc. (NASDAQ:INV - Get Free Report) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 7,857,079 shares, a growth of 21.1% from the February 26th total of 6,486,600 shares. Approximately 15.2% of the company's shares are sold short. Based on an average daily trading volume, of 1,884,970 shares, the short-interest ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Northland Securities set a $8.00 price target on Innventure in a research note on Thursday, January 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Innventure in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell" and an average price target of $8.00.

Innventure Trading Down 5.0%

INV opened at $3.61 on Tuesday. The firm has a 50 day simple moving average of $3.39 and a 200 day simple moving average of $4.08. Innventure has a fifty-two week low of $2.36 and a fifty-two week high of $8.15. The company has a market cap of $244.54 million, a price-to-earnings ratio of -2.39 and a beta of 0.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.31.

Institutional Trading of Innventure

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in shares of Innventure by 55.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company's stock valued at $853,000 after purchasing an additional 39,636 shares during the period. Jane Street Group LLC acquired a new stake in shares of Innventure during the first quarter worth $172,000. Geode Capital Management LLC grew its stake in shares of Innventure by 60.1% during the second quarter. Geode Capital Management LLC now owns 312,201 shares of the company's stock worth $1,499,000 after purchasing an additional 117,162 shares during the period. Cresset Asset Management LLC bought a new stake in Innventure in the second quarter valued at about $354,000. Finally, Diametric Capital LP increased its holdings in Innventure by 144.3% in the second quarter. Diametric Capital LP now owns 32,573 shares of the company's stock valued at $156,000 after purchasing an additional 19,242 shares during the last quarter. Institutional investors own 55.98% of the company's stock.

Innventure Company Profile

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.

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