iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,507 shares, a decrease of 87.3% from the August 31st total of 67,226 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 22,301 shares, the days-to-cover ratio is presently 0.4 days.

iOThree Stock Up 6.8%

IOTR stock traded up $0.13 during midday trading on Friday, hitting $2.07. The company’s stock had a trading volume of 529 shares, compared to its average volume of 946,737. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20. iOThree has a 12 month low of $1.49 and a 12 month high of $7.47. The company has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.61.

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iOThree (NASDAQ:IOTR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 7th. The company reported ($0.22) EPS for the quarter. The company had revenue of $3.68 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered iOThree from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, iOThree presently has a consensus rating of “Sell”.

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iOThree Company Profile

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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.

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