Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Drops By 42.4%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 37,429 shares, a drop of 42.4% from the December 31st total of 65,018 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 146,385 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 146,385 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s shares are sold short.

Iveda Solutions Stock Down 2.3%

Shares of NASDAQ:IVDA traded down $0.02 during trading on Friday, hitting $0.89. The stock had a trading volume of 78,097 shares, compared to its average volume of 177,224. The company has a quick ratio of 3.32, a current ratio of 3.48 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.22 million, a PE ratio of -0.68 and a beta of 0.82. The firm’s fifty day moving average is $0.98 and its 200 day moving average is $1.34. Iveda Solutions has a 12 month low of $0.61 and a 12 month high of $3.95.

Iveda Solutions (NASDAQ:IVDA) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.63). The company had revenue of $1.65 million for the quarter, compared to the consensus estimate of $7.25 million. Iveda Solutions had a negative net margin of 53.18% and a negative return on equity of 143.92%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen cut Iveda Solutions to a “strong sell” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co acquired a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is currently owned by hedge funds and other institutional investors.

About Iveda Solutions

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.