Short Interest in Inno Holdings Inc. (NASDAQ:INHD) Grows By 49.0%

Inno Holdings Inc. (NASDAQ:INHDGet Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 79,400 shares, a growth of 49.0% from the May 15th total of 53,300 shares. Based on an average daily volume of 401,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the company’s shares are sold short.

Inno Stock Up 6.0 %

Shares of NASDAQ INHD traded up $0.04 during midday trading on Friday, reaching $0.71. 74,094 shares of the stock were exchanged, compared to its average volume of 223,231. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.81 and a quick ratio of 1.69. The firm has a 50 day moving average of $0.62. Inno has a twelve month low of $0.50 and a twelve month high of $19.21.

Inno (NASDAQ:INHDGet Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $0.18 million during the quarter.

About Inno

(Get Free Report)

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.

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