Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 34.8% in February

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 387,207 shares, a drop of 34.8% from the February 12th total of 594,163 shares. Approximately 6.9% of the shares of the stock are short sold. Based on an average daily volume of 1,909,441 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 1,909,441 shares, the short-interest ratio is presently 0.2 days. Approximately 6.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co acquired a new stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 4.30% of the company’s stock.

Iveda Solutions Trading Down 6.3%

IVDA traded down $0.02 during trading on Friday, hitting $0.30. The company’s stock had a trading volume of 1,055,674 shares, compared to its average volume of 1,210,646. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.48 and a quick ratio of 3.32. Iveda Solutions has a twelve month low of $0.22 and a twelve month high of $3.55. The stock’s fifty day moving average price is $0.59 and its 200-day moving average price is $0.99.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Iveda Solutions Company Profile

Iveda Solutions, Inc (NASDAQ: IVDA) is a technology company specializing in AI-driven security and smart city solutions. The company develops and delivers integrated hardware and software platforms designed to capture, process and analyze video data in real time, enabling organizations across government, enterprise and critical infrastructure sectors to enhance situational awareness, optimize resource deployment and streamline operational workflows.

The company’s product suite centers around the Iveda Cloud platform, offering cloud-based video storage, remote monitoring and cybersecurity features.