iOThree Limited (NASDAQ:IOTR) Short Interest Down 42.3% in December

iOThree Limited (NASDAQ:IOTR) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 19,929 shares, a decrease of 42.3% from the December 15th total of 34,534 shares. Based on an average trading volume of 30,729 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 30,729 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of iOThree in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

iOThree Price Performance

NASDAQ IOTR traded down $0.37 during trading hours on Friday, hitting $2.64. The company had a trading volume of 128,178 shares, compared to its average volume of 1,236,363. The firm has a 50 day moving average of $2.87. iOThree has a 1-year low of $2.24 and a 1-year high of $59.80.

iOThree Company Profile

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.