iQSTEL Inc. (NASDAQ:IQST) Sees Large Increase in Short Interest

iQSTEL Inc. (NASDAQ:IQST) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 200,212 shares, an increase of 25.0% from the January 15th total of 160,150 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily volume of 64,076 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 64,076 shares, the days-to-cover ratio is currently 3.1 days. Currently, 4.4% of the shares of the company are short sold.

Institutional Investors Weigh In On iQSTEL

A number of hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC grew its position in iQSTEL by 74.2% during the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after buying an additional 13,628 shares during the period. Cetera Investment Advisers acquired a new stake in shares of iQSTEL in the 2nd quarter worth approximately $148,000. Finally, Geode Capital Management LLC purchased a new position in iQSTEL in the 2nd quarter valued at approximately $288,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of iQSTEL in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.00.

iQSTEL Price Performance

Shares of NASDAQ:IQST traded down $0.03 during trading on Monday, reaching $2.03. The company had a trading volume of 73,293 shares, compared to its average volume of 82,140. iQSTEL has a fifty-two week low of $2.03 and a fifty-two week high of $18.68. The stock’s fifty day moving average price is $2.96 and its 200 day moving average price is $4.98. The firm has a market capitalization of $9.32 million and a price-to-earnings ratio of -1.35.

iQSTEL (NASDAQ:IQST) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.27). The firm had revenue of $102.87 million during the quarter, compared to analyst estimates of $84.59 million. iQSTEL had a negative net margin of 2.50% and a negative return on equity of 56.70%.

About iQSTEL

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.