Short Interest in iOThree Limited (NASDAQ:IOTR) Declines By 42.3%

iOThree Limited (NASDAQ:IOTR) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 19,929 shares, a decline of 42.3% from the December 15th total of 34,534 shares. Based on an average daily trading volume, of 30,729 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,729 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of iOThree in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

iOThree Price Performance

IOTR traded up $0.07 during trading on Thursday, reaching $3.01. The company’s stock had a trading volume of 648,100 shares, compared to its average volume of 1,203,678. The stock has a fifty day simple moving average of $2.87. 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.