Short Interest in iOThree Limited (NASDAQ:IOTR) Rises By 165.0%

iOThree Limited (NASDAQ:IOTR – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 67,226 shares, an increase of 165.0% from the August 15th total of 25,370 shares. Based on an average daily trading volume, of 126,850 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.7% of the company’s shares are short sold.

iOThree Price Performance

NASDAQ IOTR traded down $0.47 during trading hours on Tuesday, hitting $1.54. The company’s stock had a trading volume of 29,473 shares, compared to its average volume of 983,885. The stock has a fifty day moving average of $2.85 and a 200 day moving average of $2.63. iOThree has a twelve month low of $1.51 and a twelve month high of $7.47. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20.

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

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on iOThree

About iOThree

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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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