iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 60,632 shares, a drop of 23.3% from the January 15th total of 79,085 shares. Based on an average daily volume of 5,546,275 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.4% of the shares of the company are sold short. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 5,546,275 shares, the days-to-cover ratio is presently 0.0 days.

iOThree Stock Up 4.8%

IOTR traded up $0.13 during trading on Monday, reaching $2.85. 245,197 shares of the company’s stock were exchanged, compared to its average volume of 3,001,002. iOThree has a fifty-two week low of $2.24 and a fifty-two week high of $59.80. The business has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.43.

iOThree Company Profile

We are a leading provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore focused on facilitating the maritime industry towards digital transformation. Based on the Frost & Sullivan Report, as of March 31, 2024, we ranked fifth in the Singaporean market based on revenue from the provision of maritime connectivity and digital solutions with a market share of approximately 6.2%. Our company was established to adopt an innovative approach towards the management of solutions accustomed to contemporary needs and drive the digital evolution in the maritime industry.