Short Interest in Inno Holdings Inc. (NASDAQ:INHD) Rises By 333.3%

Inno Holdings Inc. (NASDAQ:INHD) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 45,500 shares, an increase of 333.3% from the October 31st total of 10,500 shares. Based on an average daily volume of 69,600 shares, the short-interest ratio is presently 0.7 days. Approximately 17.4% of the shares of the company are short sold.

Inno Price Performance

NASDAQ:INHD traded down $0.37 during trading hours on Thursday, hitting $4.89. 15,279 shares of the company were exchanged, compared to its average volume of 34,258. The company’s 50 day moving average price is $4.93 and its 200-day moving average price is $5.63. 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 52-week low of $3.00 and a 52-week high of $192.10.

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.