Short Interest in iOThree Limited (NASDAQ:IOTR) Expands By 916.1%

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 71,124 shares, a growth of 916.1% from the June 30th total of 7,000 shares. Based on an average daily volume of 3,245,170 shares, the short-interest ratio is currently 0.0 days. Currently, 3.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

iOThree Price Performance

Shares of iOThree stock opened at $3.18 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 1.80. The business has a 50-day moving average of $2.99 and a two-hundred day moving average of $2.74. iOThree has a 1 year low of $1.51 and a 1 year high of $7.47.

iOThree (NASDAQ:IOTR) last released its quarterly earnings data on Tuesday, July 7th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.68 million during the quarter.

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.