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

Inno Holdings Inc. (NASDAQ:INHD) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 28,800 shares, a growth of 29.1% from the January 31st total of 22,300 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.4% of the shares of the stock are short sold.

Inno Price Performance

Shares of NASDAQ:INHD traded up $0.11 during trading on Tuesday, hitting $4.67. 4,972 shares of the stock were exchanged, compared to its average volume of 17,055. The company has a fifty day moving average price of $4.82 and a two-hundred day moving average price of $4.87. Inno has a 12-month low of $3.00 and a 12-month high of $10.70.

Inno (NASDAQ:INHD) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.22) EPS for the quarter. Inno had a negative return on equity of 62.48% and a negative net margin of 329.18%. The firm had revenue of $200 billion for the quarter.

About Inno

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.