iOThree Limited (NASDAQ:IOTR – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 25,553 shares, a growth of 200.4% from the September 15th total of 8,507 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 5,085 shares, the short-interest ratio is presently 5.0 days.
iOThree Price Performance
Shares of NASDAQ:IOTR opened at $2.00 on Wednesday. The business has a fifty day moving average price of $2.31 and a 200-day moving average price of $2.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 1.80. iOThree has a 1-year low of $1.49 and a 1-year high of $7.47.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iOThree in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.
About iOThree
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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