iOThree Limited (NASDAQ:IOTR) Sees Large Decrease in Short Interest

iOThree Limited (NASDAQ:IOTR) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 60,632 shares, a drop of 23.3% from the January 15th total of 79,085 shares. Based on an average trading volume of 5,546,275 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.4% of the company’s shares are sold short. Approximately 2.4% of the company’s shares are sold short. Based on an average trading volume of 5,546,275 shares, the days-to-cover ratio is presently 0.0 days.

iOThree Trading Down 9.1%

IOTR traded down $0.26 during mid-day trading on Tuesday, hitting $2.59. The stock had a trading volume of 34,228 shares, compared to its average volume of 2,730,148. The stock’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $3.41. iOThree has a 1-year low of $2.24 and a 1-year high of $59.80.

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.