Short Interest in Inuvo Inc (INUV) Increases By 13.1%

Inuvo Inc (NYSEAMERICAN:INUV) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 248,727 shares, a growth of 13.1% from the October 15th total of 219,953 shares. Based on an average trading volume of 77,767 shares, the short-interest ratio is presently 3.2 days. Approximately 0.9% of the shares of the stock are short sold.

Shares of NYSEAMERICAN:INUV opened at $1.18 on Friday. Inuvo has a 52-week low of $0.36 and a 52-week high of $1.55.

Inuvo (NYSEAMERICAN:INUV) last announced its earnings results on Wednesday, November 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $16.81 million for the quarter, compared to the consensus estimate of $21.52 million.

Separately, LADENBURG THALM/SH SH lowered shares of Inuvo from a “buy” rating to a “neutral” rating in a research report on Thursday, August 9th.

An institutional investor recently bought a new position in Inuvo stock. Perkins Capital Management Inc. purchased a new stake in shares of Inuvo Inc (NYSEAMERICAN:INUV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,089,000 shares of the technology company’s stock, valued at approximately $841,000. Perkins Capital Management Inc. owned 3.39% of Inuvo as of its most recent SEC filing.

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Inuvo Company Profile

Inuvo, Inc, together with its subsidiaries, develops technology that connects advertisers with consumers through interactions with content across devices in the United States. The company's exchange is digital marketplace that allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

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