Could Inovalon Holdings Inc – Class A (NASDAQ:INOV) Change Direction After Less Shorts?

Inovalon Holdings, Inc. (NASDAQ:INOV) Logo

The stock of Inovalon Holdings Inc – Class A (NASDAQ:INOV) registered a decrease of 0.69% in short interest. INOV’s total short interest was 11.30 million shares in September as published by FINRA. Its down 0.69% from 11.38M shares, reported previously. With 391,200 shares average volume, it will take short sellers 29 days to cover their INOV’s short positions. The short interest to Inovalon Holdings Inc – Class A’s float is 18.19%.

The stock decreased 0.23% or $0.04 during the last trading session, reaching $17.46. About 417,940 shares traded. Inovalon Holdings, Inc. (NASDAQ:INOV) has risen 48.51% since September 13, 2018 and is uptrending. It has outperformed by 48.51% the S&P500.

Inovalon Holdings, Inc., a technology company, provides cloud platforms empowering a data-driven transformation from volume to value models throughout the healthcare industry. The company has market cap of $2.69 billion. The firm through, large-scale data interconnectivity capabilities, unparalleled proprietary data sets, advanced analytics, data-driven intervention systems, and industry-leading subject matter expertise, enables the assessment and improvement of clinical and quality outcomes, and financial performance across the healthcare ecosystem. It currently has negative earnings. It serves health plans and well-known provider organizations, as well as pharmaceutical, medical device, and diagnostics companies.

Inovalon Holdings, Inc. (NASDAQ:INOV) Ratings Coverage

Among 2 analysts covering Inovalon Holdings (NASDAQ:INOV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Inovalon Holdings has $2200 highest and $1800 lowest target. $20’s average target is 14.55% above currents $17.46 stock price. Inovalon Holdings had 5 analyst reports since April 23, 2019 according to SRatingsIntel. As per Friday, August 23, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 26.

More notable recent Inovalon Holdings, Inc. (NASDAQ:INOV) news were published by: which released: “Inovalon Holdings (INOV) Q2 2019 Earnings Call Transcript – Yahoo Finance” on July 31, 2019, also with their article: “Inovalon Announces Fourth Quarter and Full Year 2018 Earnings Conference Call – GlobeNewswire” published on February 06, 2019, published: “Is Inovalon Holdings, Inc.’s (NASDAQ:INOV) CEO Overpaid Relative To Its Peers? – Yahoo Finance” on May 15, 2019. More interesting news about Inovalon Holdings, Inc. (NASDAQ:INOV) were released by: and their article: “Inovalon Clients Realize Significant Increases in CMS Star Ratings Compared to National Average For 5th Year In a Row – GlobeNewswire” published on October 23, 2018 as well as‘s news article titled: “Inovalon to Acquire ABILITY Network Nasdaq:INOV – GlobeNewswire” with publication date: March 07, 2018.

Inovalon Holdings, Inc. (NASDAQ:INOV) Ratings Chart

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