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

Inno Holdings Inc. (NASDAQ:INHD) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 12,600 shares, a growth of 306.5% from the August 31st total of 3,100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,100 shares, the days-to-cover ratio is presently 0.4 days.

Inno Stock Performance

Shares of INHD opened at $0.53 on Friday. The business has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $0.63. 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 12-month low of $0.35 and a 12-month high of $19.21.

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