Short Interest in Inno Holdings Inc. (NASDAQ:INHD) Declines By 64.1%

Inno Holdings Inc. (NASDAQ:INHD) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 34,900 shares, a decrease of 64.1% from the September 30th total of 97,200 shares. Based on an average daily volume of 29,800 shares, the short-interest ratio is presently 1.2 days. Approximately 8.8% of the shares of the company are short sold.

Inno Trading Up 19.0 %

Shares of Inno stock traded up $0.75 during trading hours on Friday, reaching $4.70. The company’s stock had a trading volume of 416,729 shares, compared to its average volume of 27,270. The company has a current ratio of 1.99, a quick ratio of 1.73 and a debt-to-equity ratio of 0.02. Inno has a one year low of $3.35 and a one year high of $192.10. The company’s 50 day simple moving average is $5.00 and its 200 day simple moving average is $5.89.

Inno (NASDAQ:INHD) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.50) earnings per share for the quarter. The company had revenue of $0.05 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.