Short Interest in Inno Holdings Inc. (NASDAQ:INHD) Drops By 64.1%

Inno Holdings Inc. (NASDAQ:INHD) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 34,900 shares, a decrease of 64.1% from the September 30th total of 97,200 shares. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is presently 1.2 days. Approximately 8.8% of the company’s stock are sold short.

Inno Stock Performance

Shares of INHD traded up $0.75 during mid-day trading on Friday, reaching $4.70. 416,729 shares of the stock traded hands, compared to its average volume of 27,270. Inno has a 12-month low of $3.35 and a 12-month high of $192.10. The company has a current ratio of 1.99, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $5.89.

Inno (NASDAQ:INHD) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.50) earnings per share for the quarter. The business had revenue of $0.05 million during 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.