Notable Reporting: Institutional Investors Are Selling Innodata Inc (NASDAQ:INOD)

November 15, 2016 - By Louis Casey   ·   0 Comments

Notable Reporting: Institutional Investors Are Selling Innodata Inc (NASDAQ:INOD)

Sentiment for Innodata Inc (NASDAQ:INOD)

Innodata Inc (NASDAQ:INOD) institutional sentiment decreased to 0.46 in Q2 2016. Its down -0.37, from 0.83 in 2016Q1. The ratio has worsened, as 6 hedge funds started new or increased equity positions, while 13 decreased and sold stock positions in Innodata Inc. The hedge funds in our partner’s database now hold: 4.99 million shares, down from 5.80 million shares in 2016Q1. Also, the number of hedge funds holding Innodata Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 12 Increased: 4 New Position: 2.

Innodata Inc. is a digital services and solutions company. The company has a market cap of $53.81 million. The Company’s technology and services power information products and online retail destinations around the world. It currently has negative earnings. The Company’s divisions include Content Services , Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS).

About 31,506 shares traded hands or 69.10% up from the average. Innodata Inc (NASDAQ:INOD) has declined 7.89% since April 13, 2016 and is downtrending. It has underperformed by 11.82% the S&P500.

According to Zacks Investment Research, “Innodata Isogen is a leading provider of content supply chain solutions.”

Perritt Capital Management Inc holds 0.72% of its portfolio in Innodata Inc for 1.11 million shares. Wilen Investment Management Corp. owns 99,825 shares or 0.14% of their US portfolio. Moreover, Elkhorn Partners Limited Partnership has 0.13% invested in the company for 79,200 shares. The Minnesota-based White Pine Capital Llc has invested 0.13% in the stock. Accredited Investors Inc., a Minnesota-based fund reported 27,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 insider sales for $4,600 net activity.

INOD Company Profile

Innodata Inc., incorporated on June 27, 1988, is a digital services and solutions company. The Company’s technology and services power information products and online retail destinations around the world. The Firm operates in three divisions, which include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The Company’s CS segment provides solutions, such as development of digital content (including e-books), development of digital information products, and operational support of digital information products and systems. IADS operates through two subsidiaries, such as Synodex and docGenix. The Company’s MIS segment operates through its MediaMiser and Bulldog Reporter subsidiaries.

More news for Innodata Inc (NASDAQ:INOD) were recently published by: Businesswire.com, which released: “Innodata Isogen, Inc. Announces Name Change to Innodata Inc.” on June 08, 2012. Seekingalpha.com‘s article titled: “Innodata: Cheap And Forgotten (INOD)” and published on January 30, 2015 is yet another important article.

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By Louis Casey


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