iOThree Limited (NASDAQ:IOTR – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 8,507 shares, a decline of 87.3% from the August 31st total of 67,226 shares. Based on an average trading volume of 22,301 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of iOThree from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Analysis on iOThree
iOThree Stock Performance
iOThree (NASDAQ:IOTR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 7th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $3.68 million during the quarter.
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.
Recommended Stories
- Five stocks we like better than iOThree
- NVIDIA’s Next AI Chip Ramp Could Open the Door to Another Major Stock Move
- Super Micro’s Vera Rubin Shipments Put Its AI Infrastructure Advantage to the Test
- Cintas Raises Guidance as a Major Catalyst Moves Closer
- 3 Space Stocks to Watch as SpaceX Reshapes the Launch Market
Receive News & Ratings for iOThree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iOThree and related companies with MarketBeat.com's FREE daily email newsletter.
