Inno Holdings Inc. (NASDAQ:INHD) Sees Significant Increase in Short Interest

Inno Holdings Inc. (NASDAQ:INHD) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 97,200 shares, an increase of 671.4% from the September 15th total of 12,600 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is presently 1.7 days.

Inno Price Performance

Shares of INHD stock traded down $1.17 on Friday, hitting $3.65. 257,749 shares of the stock were exchanged, compared to its average volume of 20,005. The business has a 50-day moving average of $0.67 and a 200 day moving average of $0.65. The company has a quick ratio of 1.73, a current ratio of 1.99 and a debt-to-equity ratio of 0.02. Inno has a fifty-two week low of $3.35 and a fifty-two week high of $192.10.

Inno (NASDAQ:INHD) last released its earnings results on Monday, August 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.05 million during the quarter.

Inno Company Profile

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.