Innodata Inc (NASDAQ:INOD) Sees Significant Drop in Short Interest

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Innodata Inc (NASDAQ:INOD) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 6,900 shares, a decrease of 37.8% from the May 30th total of 11,100 shares. Based on an average daily volume of 17,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Separately, TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a report on Monday, May 13th.

Shares of NASDAQ INOD traded up $0.20 during midday trading on Friday, hitting $1.12. 1,523 shares of the company’s stock were exchanged, compared to its average volume of 17,785. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.76 and a current ratio of 1.76. Innodata has a twelve month low of $0.88 and a twelve month high of $2.05. The firm has a fifty day simple moving average of $0.98.

Innodata (NASDAQ:INOD) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. Innodata had a negative return on equity of 2.92% and a negative net margin of 2.73%. The firm had revenue of $13.69 million for the quarter.

Innodata Company Profile

Innodata Inc operates as a digital services and solution company worldwide. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility PR Solutions (Agility). The DDS segment combines deep neural networks and human expertise to make unstructured information useable for various domains, including health, science, and law.

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