iOThree Limited (NASDAQ:IOTR) Shares Shorted: Short Interest Down 87.3% in September

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 stock traded up $0.13 during trading hours on Friday, reaching $2.07. 529 shares of the company’s stock were exchanged, compared to its average volume of 946,737. iOThree has a twelve month low of $1.49 and a twelve month high of $7.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.41 and a current ratio of 1.80. The firm’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.61.

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

(Get Free Report)

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.

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