Short Interest in Inuvo Inc (INUV) Expands By 26.0%
Inuvo Inc (NYSEAMERICAN:INUV) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 187,536 shares, an increase of 26.0% from the January 15th total of 148,867 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 74,136 shares, the days-to-cover ratio is currently 2.5 days.
Shares of INUV traded up $0.02 during mid-day trading on Monday, hitting $1.33. 72,400 shares of the company’s stock were exchanged, compared to its average volume of 78,007. Inuvo has a twelve month low of $0.36 and a twelve month high of $1.55.
A hedge fund recently raised its stake in Inuvo stock. Renaissance Technologies LLC increased its position in shares of Inuvo Inc (NYSEAMERICAN:INUV) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,529,120 shares of the technology company’s stock after buying an additional 50,400 shares during the period. Renaissance Technologies LLC owned 4.71% of Inuvo worth $948,000 at the end of the most recent reporting period.
Inuvo, Inc, together with its subsidiaries, develops technology that connects advertisers with consumers through interactions with content across devices in the United States. The company's exchange is digital marketplace that allows advertisers and publishers the opportunity to buy and sell advertising space in real time.
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