Short Interest in Innovaro Inc. (OTCMKTS:INNI) Rises By 2,320.8%

Innovaro Inc. (OTCMKTS:INNI) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 14,525 shares, an increase of 2,320.8% from the January 15th total of 600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 905,136 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 905,136 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Innovaro Stock Up 2.8%

INNI traded up $0.00 during trading hours on Tuesday, hitting $0.04. The company’s stock had a trading volume of 137,810 shares, compared to its average volume of 349,328. The company has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $0.01. Innovaro has a fifty-two week low of $0.00 and a fifty-two week high of $0.05.

Innovaro Company Profile

Innovaro, Inc does not have significant operations. The company plans to acquire an operating company through reverse merger. Previously, it was engaged in the provision of software services. The company was formerly known as UTEK Corporation and changed its name to Innovaro, Inc in July 2010. Innovaro, Inc was incorporated in 1999 and is based in Smyrna, Delaware.