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

Inno Holdings Inc. (NASDAQ:INHD) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 73,800 shares, a decrease of 7.1% from the May 31st total of 79,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 397,700 shares, the days-to-cover ratio is presently 0.2 days.

Inno Price Performance

Shares of INHD traded down $0.04 during trading hours on Tuesday, hitting $0.62. 58,898 shares of the stock were exchanged, compared to its average volume of 253,822. Inno has a fifty-two week low of $0.50 and a fifty-two week high of $19.21. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $0.64 and a 200-day moving average of $0.90.

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

About Inno

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.