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Inuvo's short interest dropped 18.1% in December amid a quarterly loss and a "Buy" stock rating.
Short interest in Inuvo Inc. fell 18.1% in December to 31,742 shares, with a days-to-cover ratio of 0.3, as the stock traded at $2.48.
The company reported a third-quarter loss of $0.12 per share on $22.57 million in revenue.
Analysts expect a fiscal year loss of $0.02 per share, and the stock has a consensus “Buy” rating with a $11.00 target.
Invesco California Value Municipal Income Trust declared a monthly dividend of $0.0646, yielding 7.0%, while Invesco New York Value Municipal Income Trust raised its monthly dividend to $0.0685, yielding 7.2%.
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El interés corto de Inuvo cayó un 18,1% en diciembre en medio de una pérdida trimestral y una calificación de acciones "Buy".