Inno Holdings Inc. (NASDAQ:INHD) Sees Large Decrease in Short Interest

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 91,500 shares, a drop of 14.0% from the March 15th total of 106,400 shares. Based on an average daily trading volume, of 94,000 shares, the short-interest ratio is currently 1.0 days. Approximately 2.4% of the shares of the company are sold short.

Inno Stock Performance

Shares of INHD opened at $0.57 on Tuesday. Inno has a 1 year low of $0.56 and a 1 year high of $19.21. The firm has a fifty day moving average price of $0.92.

Inno (NASDAQ:INHD) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.17 million for the quarter.

Institutional Trading of Inno

An institutional investor recently bought a new position in Inno stock. Virtu Financial LLC acquired a new position in Inno Holdings Inc. (NASDAQ:INHD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,420 shares of the company’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.09% of Inno as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.16% of the company’s stock.

About Inno

Inno Holdings Inc manufactures and sells cold-formed-steel members, castor cubes, mobile factories, and prefabricated homes in the United States. The company provides cold-formed steel framing and a mobile factory for off-site equipment rental, sales, service, and support. It serves in residential, commercial, industrial, and infrastructure projects.