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

iOThree Limited (NASDAQ:IOTR) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 10,467 shares, a drop of 30.7% from the February 26th total of 15,114 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 21,588 shares, the days-to-cover ratio is currently 0.5 days.

iOThree Price Performance

Shares of NASDAQ IOTR traded up $0.16 during midday trading on Friday, reaching $2.23. The company’s stock had a trading volume of 52,223 shares, compared to its average volume of 25,970. The stock has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $2.98. iOThree has a fifty-two week low of $1.51 and a fifty-two week 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.