iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 10,467 shares, a decrease of 30.7% from the February 26th total of 15,114 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 21,588 shares, the days-to-cover ratio is presently 0.5 days.

iOThree Stock Up 7.7%

Shares of NASDAQ:IOTR traded up $0.16 during mid-day trading on Friday, hitting $2.23. 52,223 shares of the company traded hands, compared to its average volume of 25,970. The stock has a 50-day moving average price of $2.63 and a two-hundred day moving average price of $2.98. iOThree has a 12-month low of $1.51 and a 12-month high of $59.80.

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.