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

Inno Holdings Inc. (NASDAQ:INHD) saw a large increase in short interest in 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. Currently, 17.4% of the company’s stock are short sold. Based on an average trading volume of 69,600 shares, the days-to-cover ratio is presently 0.7 days.

Inno Price Performance

Shares of Inno stock traded down $0.37 during trading on Wednesday, hitting $4.89. The company’s stock had a trading volume of 15,281 shares, compared to its average volume of 34,258. Inno has a 52 week low of $3.00 and a 52 week high of $192.10. The company has a fifty day simple moving average of $4.96 and a two-hundred day simple moving average of $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 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.