Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Drops By 91.5%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 91,696 shares, a drop of 91.5% from the November 30th total of 1,078,183 shares. Based on an average daily volume of 897,822 shares, the short-interest ratio is currently 0.1 days. Approximately 1.6% of the shares of the stock are short sold. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 897,822 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IVDA shares. Wall Street Zen lowered 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 report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Iveda Solutions Trading Up 4.0%

Shares of NASDAQ:IVDA traded up $0.03 during trading on Friday, reaching $0.89. The stock had a trading volume of 67,082 shares, compared to its average volume of 1,315,023. Iveda Solutions has a fifty-two week low of $0.61 and a fifty-two week high of $8.05. The business has a fifty day moving average price of $1.04 and a 200-day moving average price of $1.53. The stock has a market cap of $5.25 million, a P/E ratio of -0.68 and a beta of 0.85. The company has a quick ratio of 3.32, a current ratio of 3.48 and a debt-to-equity ratio of 0.08.

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

Institutional Trading of Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co purchased a new stake in Iveda Solutions, Inc. (NASDAQ:IVDA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is owned by institutional investors.

About Iveda Solutions

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.