Short Interest in iOThree Limited (NASDAQ:IOTR) Decreases By 23.3%

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

iOThree Price Performance

Shares of IOTR stock traded up $0.13 during midday trading on Friday, reaching $2.85. 245,197 shares of the company traded hands, compared to its average volume of 2,995,216. The firm’s 50 day simple moving average is $3.01 and its two-hundred day simple moving average is $3.43. 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.