Short Interest in Innventure, Inc. (NASDAQ:INV) Grows By 21.1%

Innventure, Inc. (NASDAQ:INV) was the recipient of a large growth in short interest during 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. Currently, 15.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,884,970 shares, the short-interest ratio is currently 4.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INV. Belpointe Asset Management LLC increased its stake in Innventure by 276.1% in the third quarter. Belpointe Asset Management LLC now owns 380,918 shares of the company’s stock valued at $2,206,000 after purchasing an additional 279,648 shares during the period. LPL Financial LLC acquired a new stake in shares of Innventure during the fourth quarter worth about $68,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Innventure during the fourth quarter worth about $66,000. Invesco Ltd. purchased a new position in shares of Innventure during the fourth quarter worth about $66,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Innventure during the fourth quarter worth about $62,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INV. Northland Securities set a $8.00 price target on shares of Innventure in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $8.00.

Innventure Price Performance

Shares of NASDAQ INV opened at $4.28 on Thursday. The stock has a market cap of $289.93 million, a P/E ratio of -0.76 and a beta of -0.11. Innventure has a twelve month low of $2.36 and a twelve month high of $6.96. The stock has a 50 day moving average of $3.41 and a two-hundred day moving average of $4.06. The company has a current ratio of 0.39, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07.

Innventure (NASDAQ:INV) last announced its earnings results on Monday, March 30th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.03. The business had revenue of $0.82 million for the quarter, compared to analyst estimates of $2.01 million. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 24.17%.

About Innventure

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.