Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 29.1% in December

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 65,018 shares, a decline of 29.1% from the December 15th total of 91,696 shares. Based on an average trading volume of 104,095 shares, the short-interest ratio is presently 0.6 days. Approximately 1.2% of the shares of the company are short sold. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 104,095 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IVDA shares. Wall Street Zen downgraded Iveda Solutions to a “strong sell” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Iveda Solutions Price Performance

IVDA stock traded down $0.05 during trading on Friday, hitting $1.03. The company had a trading volume of 267,088 shares, compared to its average volume of 117,607. The company has a fifty day moving average price of $0.96 and a two-hundred day moving average price of $1.41. The company has a current ratio of 3.48, a quick ratio of 3.32 and a debt-to-equity ratio of 0.08. Iveda Solutions has a fifty-two week low of $0.61 and a fifty-two week high of $5.50. The company has a market cap of $6.05 million, a P/E ratio of -0.79 and a beta of 0.82.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.63). The business had revenue of $1.65 million for the quarter, compared to the consensus estimate of $7.25 million. Iveda Solutions had a negative return on equity of 143.92% and a negative net margin of 53.18%.

Institutional Investors Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co bought a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned approximately 0.42% of Iveda Solutions as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 4.30% of the company’s stock.

Iveda Solutions Company Profile

Iveda Solutions, Inc (NASDAQ: IVDA) is a technology company specializing in AI-driven security and smart city solutions. The company develops and delivers integrated hardware and software platforms designed to capture, process and analyze video data in real time, enabling organizations across government, enterprise and critical infrastructure sectors to enhance situational awareness, optimize resource deployment and streamline operational workflows.

The company’s product suite centers around the Iveda Cloud platform, offering cloud-based video storage, remote monitoring and cybersecurity features.