Innodata Inc. (NASDAQ:INOD) Short Interest Update

Innodata Inc. (NASDAQ:INODGet Rating) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 136,200 shares, an increase of 24.8% from the March 31st total of 109,100 shares. Based on an average daily trading volume, of 60,300 shares, the short-interest ratio is currently 2.3 days. Approximately 0.6% of the company’s stock are sold short.

Several institutional investors and hedge funds have recently bought and sold shares of INOD. BNP Paribas Arbitrage SA acquired a new stake in shares of Innodata during the fourth quarter worth about $28,000. Barclays PLC increased its position in shares of Innodata by 211.7% during the third quarter. Barclays PLC now owns 5,028 shares of the technology company’s stock worth $48,000 after purchasing an additional 3,415 shares in the last quarter. PDT Partners LLC acquired a new position in Innodata in the 4th quarter valued at about $71,000. Spire Wealth Management acquired a new position in Innodata in the 4th quarter valued at about $75,000. Finally, Platform Technology Partners increased its position in Innodata by 44.9% in the 4th quarter. Platform Technology Partners now owns 18,400 shares of the technology company’s stock valued at $109,000 after acquiring an additional 5,700 shares during the period. Institutional investors and hedge funds own 17.01% of the company’s stock.

A number of research firms have weighed in on INOD. StockNews.com began coverage on Innodata in a research note on Tuesday, April 26th. They issued a “hold” rating on the stock. TheStreet upgraded Innodata from a “d+” rating to a “c” rating in a research note on Thursday, April 14th.

INOD opened at $8.05 on Tuesday. The business’s 50-day simple moving average is $6.58 and its 200-day simple moving average is $6.79. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. Innodata has a one year low of $4.57 and a one year high of $11.25.

About Innodata (Get Rating)

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment offers AI-enabled software platforms and managed services to companies that require data for training AI and machine learning (ML) algorithms, and AI digital transformation solutions to help companies apply AI/ML for problems relating to analyzing and deriving insights from documents.

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