iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 17,038 shares, a decline of 49.9% from the April 15th total of 34,029 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 15,334 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded iOThree from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, iOThree currently has an average rating of “Sell”.

iOThree Stock Performance

IOTR opened at $1.97 on Monday. iOThree has a 52-week low of $1.51 and a 52-week high of $7.47. The business’s 50-day simple moving average is $2.30 and its 200 day simple moving average is $2.71.

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.