Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 71.1% in August

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 869,936 shares, a drop of 71.1% from the August 15th total of 3,008,768 shares. Based on an average daily trading volume, of 1,109,502 shares, the short-interest ratio is currently 0.8 days. Approximately 7.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently raised its position in Iveda Solutions stock. Citadel Advisors LLC grew its position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) by 112.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,345 shares of the company’s stock after buying an additional 177,184 shares during the quarter. Citadel Advisors LLC owned approximately 2.67% of Iveda Solutions worth $109,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.30% of the company’s stock.

Iveda Solutions Stock Down 0.5%

NASDAQ IVDA traded down $0.00 on Monday, reaching $0.28. The company’s stock had a trading volume of 386,907 shares, compared to its average volume of 747,783. Iveda Solutions has a 52 week low of $0.21 and a 52 week high of $2.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.00 and a current ratio of 5.19. The business has a 50-day moving average price of $0.30 and a 200 day moving average price of $0.31.

Iveda Solutions (NASDAQ:IVDA) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. Iveda Solutions had a negative return on equity of 63.92% and a negative net margin of 69.24%.The business had revenue of $0.80 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Iveda Solutions Company Profile

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.