Iveda Solutions, Inc. (NASDAQ:IVDA – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 869,936 shares, a drop of 71.1% from the August 15th total of 3,008,768 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,109,502 shares, the short-interest ratio is presently 0.8 days.
Iveda Solutions Trading Up 0.5%
Iveda Solutions stock traded up $0.00 during mid-day trading on Friday, hitting $0.29. The company’s stock had a trading volume of 135,377 shares, compared to its average volume of 1,159,260. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.19 and a quick ratio of 5.00. The stock has a market cap of $3.57 million, a price-to-earnings ratio of -0.53 and a beta of 1.01. The business has a 50 day moving average price of $0.30 and a 200-day moving average price of $0.31. Iveda Solutions has a 12 month low of $0.21 and a 12 month high of $2.24.
Iveda Solutions (NASDAQ:IVDA – Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $0.80 million during the quarter. Iveda Solutions had a negative net margin of 69.24% and a negative return on equity of 63.92%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Iveda Solutions
Institutional Trading of Iveda Solutions
A hedge fund recently raised its stake in Iveda Solutions stock. Citadel Advisors LLC lifted its position in Iveda Solutions, Inc. (NASDAQ:IVDA – Free Report) by 112.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 334,345 shares of the company’s stock after purchasing an additional 177,184 shares during the period. Citadel Advisors LLC owned about 2.67% of Iveda Solutions worth $109,000 as of its most recent SEC filing. 4.30% of the stock is currently owned by institutional investors.
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.
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