Innovaro, Inc. (OTCMKTS:INNI) Sees Large Decline in Short Interest

Innovaro, Inc. (OTCMKTS:INNI) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a decline of 71.4% from the February 28th total of 2,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 0.2 days.

Innovaro Stock Performance

OTCMKTS INNI remained flat at $0.01 on Friday. Innovaro has a 12-month low of $0.00 and a 12-month high of $0.02. The firm’s fifty day simple moving average is $0.01 and its 200 day simple moving average is $0.01.

Innovaro Company Profile

Innovaro, Inc does not have significant operations. The company plans to acquire an operating company through reverse merger. Previously, it was engaged in the provision of software services. The company was formerly known as UTEK Corporation and changed its name to Innovaro, Inc in July 2010. Innovaro, Inc was incorporated in 1999 and is based in Smyrna, Delaware.