InnovAge Holding Corp. ( NASDAQ:INNV – Get Free Report ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,665,762 shares, a growth of 127.3% from the September 15th total of 1,172,680 shares. Based on an average daily volume of 1,124,688 shares, the short-interest ratio is currently 2.4 days. Currently, 2.0% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades Several research firms have issued reports on INNV. Weiss Ratings reiterated a “sell (d-)” rating on shares of InnovAge in a research note on Thursday, August 13th. Wall Street Zen raised shares of InnovAge from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, KeyCorp raised their price target on shares of InnovAge from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $10.50.
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