Short Interest in iOThree Limited (NASDAQ:IOTR) Decreases By 59.4%

iOThree Limited (NASDAQ:IOTR) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 28,879 shares, a decrease of 59.4% from the July 15th total of 71,124 shares. Based on an average daily volume of 31,413 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of iOThree from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

iOThree Price Performance

Shares of IOTR opened at $2.66 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.80 and a quick ratio of 1.41. iOThree has a 1-year low of $1.51 and a 1-year high of $7.47. The firm has a fifty day moving average price of $3.03 and a 200 day moving average price of $2.71.

iOThree (NASDAQ:IOTR) last issued its quarterly earnings data on Tuesday, July 7th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $3.68 million during the quarter.

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.