Inuvo, Inc (NYSEAMERICAN:INUV) Sees Significant Increase in Short Interest

Inuvo, Inc (NYSEAMERICAN:INUV) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 385,848 shares, a growth of 108.6% from the January 15th total of 184,939 shares. Based on an average daily volume of 380,837 shares, the short-interest ratio is presently 1.0 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average daily volume of 380,837 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INUV. HC Wainwright set a $6.00 target price on shares of Inuvo and gave the stock a “buy” rating in a research report on Thursday, January 29th. Freedom Capital upgraded Inuvo to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Inuvo presently has an average rating of “Buy” and a consensus price target of $9.00.

Inuvo Trading Up 3.3%

INUV opened at $1.90 on Friday. The stock has a market capitalization of $27.76 million, a PE ratio of -5.94 and a beta of 1.26. The firm has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $3.11. Inuvo has a 1-year low of $1.62 and a 1-year high of $6.27.

Institutional Investors Weigh In On Inuvo

Several institutional investors and hedge funds have recently added to or reduced their stakes in INUV. Citadel Advisors LLC increased its position in shares of Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after acquiring an additional 75,307 shares during the last quarter. Jane Street Group LLC lifted its stake in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after acquiring an additional 25,693 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Inuvo in the 3rd quarter valued at about $101,000. Dimensional Fund Advisors LP acquired a new position in shares of Inuvo during the 4th quarter worth about $51,000. Finally, Barden Capital Management Inc. bought a new stake in shares of Inuvo in the 2nd quarter valued at about $72,000. 29.36% of the stock is owned by institutional investors.

About Inuvo

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.