Short Interest in iOThree Limited (NASDAQ:IOTR) Declines By 66.7%

iOThree Limited (NASDAQ:IOTR) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 20,177 shares, a decline of 66.7% from the January 29th total of 60,632 shares. Based on an average trading volume of 103,932 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 103,932 shares, the days-to-cover ratio is presently 0.2 days.

iOThree Stock Performance

NASDAQ IOTR opened at $2.21 on Thursday. The company’s fifty day moving average is $2.96 and its two-hundred day moving average is $3.32. iOThree has a 52-week low of $2.09 and a 52-week high of $59.80.

iOThree Company Profile

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.