Innodata Inc (NASDAQ:INOD) Short Interest Down 37.8% in June

Innodata Inc (NASDAQ:INOD) was the target of a significant decrease in short interest in 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 trading 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.

Shares of INOD traded up $0.19 during mid-day trading on Friday, reaching $1.11. The stock had a trading volume of 179,084 shares, compared to its average volume of 16,857. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.35. Innodata has a 52-week low of $0.88 and a 52-week high of $2.05. The company has a fifty day moving average of $0.98.

Innodata (NASDAQ:INOD) last announced 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 net margin of 2.73% and a negative return on equity of 2.92%. The firm had revenue of $13.69 million during the quarter.

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

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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