Inno Holdings Inc. (NASDAQ:INHD) Sees Significant Drop in Short Interest

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

Inno Stock Performance

INHD stock opened at $0.61 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.69 and a current ratio of 1.81. Inno has a 52-week low of $0.50 and a 52-week high of $19.21. The company’s 50 day simple moving average is $0.64 and its 200-day simple moving average is $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 business 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.