Inno Holdings Inc. (NASDAQ:INHD) Stock Short Interest Report for October

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 130,004 shares, a growth of 142.2% from the September 30th total of 53,684 shares. Based on an average daily trading volume, of 1,328,145 shares, the short-interest ratio is presently 0.1 days. Approximately 5.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

INHD has been the topic of several analyst reports. Weiss Ratings lowered shares of Inno from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 24th. Wall Street Zen upgraded Inno to a “sell” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Inno Stock Performance

INHD traded down $0.15 during mid-day trading on Friday, reaching $3.69. 11,127 shares of the stock were exchanged, compared to its average volume of 2,224,920. Inno has a 1 year low of $1.01 and a 1 year high of $1,656.00. The stock has a market capitalization of $9.29 million, a PE ratio of -0.62 and a beta of -23.22. The company has a 50 day moving average price of $4.15 and a two-hundred day moving average price of $16.05.

Inno (NASDAQ:INHD) last released its earnings results on Tuesday, August 18th. The company reported ($0.70) earnings per share for the quarter. The company had revenue of $2.07 million during the quarter. Inno had a negative net margin of 72.63% and a negative return on equity of 9.47%.

Inno Company Profile

Inno Holdings Inc is a construction technology company focused on developing and applying 3D-printing and modular construction methods. The company aims to improve the efficiency, affordability and sustainability of residential and commercial building projects.

Its activities include the design and construction of 3D-printed homes and other structures, along with the development of related building systems, materials and construction technologies. These solutions are intended to support faster project completion and reduce material waste compared with traditional construction methods.

Inno Holdings is based in the United States and serves the domestic construction market.