Inuvo, Inc. (NYSE:INUV) Short Interest Down 85.7% in May

Inuvo, Inc. (NYSE:INUV - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 105,100 shares, a drop of 85.7% from the May 15th total of 734,100 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 80,200 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Inuvo

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Inuvo by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 507,149 shares of the company's stock valued at $328,000 after buying an additional 43,349 shares during the last quarter. Perkins Capital Management Inc. boosted its position in Inuvo by 3.7% during the 4th quarter. Perkins Capital Management Inc. now owns 7,083,452 shares of the company's stock worth $4,579,000 after acquiring an additional 255,590 shares during the last quarter. Geode Capital Management LLC boosted its position in Inuvo by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,887 shares of the company's stock worth $778,000 after acquiring an additional 134,497 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Inuvo during the 1st quarter worth approximately $25,000. 29.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. HC Wainwright restated a "buy" rating and issued a $20.00 price objective on shares of Inuvo in a research report on Tuesday, May 13th. Wall Street Zen started coverage on Inuvo in a research note on Tuesday, May 20th. They issued a "hold" rating for the company.

Inuvo Stock Performance

NYSE INUV traded up $0.52 during trading hours on Thursday, reaching $3.56. 410,721 shares of the company's stock were exchanged, compared to its average volume of 93,447. The company's 50-day moving average is $3.97 and its two-hundred day moving average is $4.19. Inuvo has a one year low of $1.90 and a one year high of $7.90. The company has a market capitalization of $513.54 million, a price-to-earnings ratio of -59.33 and a beta of 0.80.

Inuvo (NYSE:INUV - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). Inuvo had a negative net margin of 10.59% and a negative return on equity of 57.24%. During the same period in the previous year, the company posted ($0.10) EPS. Research analysts predict that Inuvo will post -0.02 earnings per share for the current fiscal year.

Inuvo Company Profile

Inuvo, Inc engages in the advertising technology and services business primarily in the United States. It sells information technology solutions to brands, agencies, and large consolidators of advertising demand (platforms). Its platforms optimize the purchase and placement of advertising in real time.