What’s Going On With Innodata Stock Monday?

Innodata Inc. (NASDAQ:INOD) shares are trading lower Monday. The move follows a 86% rally on Friday. Investors are now digesting a blowout first-quarter earnings report.

Market Digests Massive Gains

The pullback reflects a standard cooling period. On Friday, the AI data engineering firm exceeded Wall Street estimates. Revenue hit $90.096 million, up 54% year-over-year. Analysts expected only $76.469 million. Adjusted earnings reached 42 cents per share, doubling the 17-cent consensus.

Rising Short Interest in Innodata

Short interest in Innodata increased during the