Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Up 1,398.7% in August

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 3,008,768 shares, an increase of 1,398.7% from the July 30th total of 200,764 shares. Approximately 25.3% of the company’s stock are sold short. Based on an average daily volume of 28,366,878 shares, the short-interest ratio is presently 0.1 days.

Iveda Solutions Stock Down 6.1%

IVDA traded down $0.02 during trading on Tuesday, hitting $0.30. 678,094 shares of the company’s stock traded hands, compared to its average volume of 14,805,645. The stock has a market capitalization of $3.81 million, a price-to-earnings ratio of -0.56 and a beta of 0.98. The company’s 50 day simple moving average is $0.32 and its two-hundred day simple moving average is $0.31. Iveda Solutions has a 12-month low of $0.21 and a 12-month high of $2.24. The company has a current ratio of 5.19, a quick ratio of 5.00 and a debt-to-equity ratio of 0.04.

Iveda Solutions (NASDAQ:IVDA) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $0.80 million during the quarter. Iveda Solutions had a negative return on equity of 63.92% and a negative net margin of 69.24%.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC purchased a new stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned about 0.85% of Iveda Solutions as of its most recent SEC filing. Institutional investors own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Iveda Solutions has a consensus 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.