Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 71.1% in August

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 869,936 shares, a drop of 71.1% from the August 15th total of 3,008,768 shares. Based on an average daily volume of 1,109,502 shares, the short-interest ratio is presently 0.8 days. Approximately 7.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Iveda Solutions Price Performance

Shares of IVDA stock traded up $0.00 during trading on Friday, hitting $0.29. The company had a trading volume of 135,377 shares, compared to its average volume of 1,159,260. The stock’s 50-day moving average is $0.30 and its two-hundred day moving average is $0.31. The stock has a market capitalization of $3.57 million, a price-to-earnings ratio of -0.53 and a beta of 1.01. The company has a quick ratio of 5.00, a current ratio of 5.19 and a debt-to-equity ratio of 0.04. Iveda Solutions has a 52 week low of $0.21 and a 52 week high of $2.24.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The company 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%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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. 4.30% of the stock is owned by institutional investors.

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.