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

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 73,800 shares, a drop of 7.1% from the May 31st total of 79,400 shares. Based on an average daily volume of 397,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Inno Price Performance

Shares of INHD stock traded down $0.04 on Tuesday, reaching $0.62. The company’s stock had a trading volume of 58,898 shares, compared to its average volume of 253,822. The stock’s fifty day simple moving average is $0.64 and its 200-day simple moving average is $0.90. Inno has a 1 year low of $0.50 and a 1 year high of $19.21. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.02.

Inno (NASDAQ:INHD) last posted its earnings results on Monday, May 13th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $0.18 million for 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.