iOThree Limited (NASDAQ:IOTR) Short Interest Down 49.9% in April

iOThree Limited (NASDAQ:IOTR) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 17,038 shares, a decline of 49.9% from the April 15th total of 34,029 shares. Based on an average daily trading volume, of 15,334 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded iOThree from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

iOThree Stock Up 0.5%

Shares of iOThree stock traded up $0.01 on Friday, reaching $1.97. 9,852 shares of the company were exchanged, compared to its average volume of 16,371. The company’s 50-day moving average is $2.30 and its two-hundred day moving average is $2.71. iOThree has a 1-year low of $1.51 and a 1-year high of $7.47.

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.