iQSTEL Inc. (NASDAQ:IQST) Short Interest Update

iQSTEL Inc. (NASDAQ:IQST) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 710,721 shares, a growth of 90.3% from the April 15th total of 373,460 shares. Currently, 14.2% of the shares of the stock are sold short. Based on an average trading volume of 923,103 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Hedge Funds Weigh In On iQSTEL

Several institutional investors have recently added to or reduced their stakes in IQST. Geode Capital Management LLC bought a new position in iQSTEL during the 2nd quarter valued at about $288,000. Cetera Investment Advisers bought a new position in iQSTEL during the 2nd quarter valued at about $148,000. Finally, DRW Securities LLC lifted its holdings in iQSTEL by 74.2% during the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after purchasing an additional 13,628 shares during the last quarter.

iQSTEL Stock Performance

Shares of NASDAQ:IQST traded down $0.06 during midday trading on Tuesday, reaching $1.28. 26,637 shares of the company’s stock were exchanged, compared to its average volume of 261,784. The company’s 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $2.74. The firm has a market capitalization of $6.46 million and a PE ratio of -0.67. iQSTEL has a 12 month low of $1.21 and a 12 month high of $14.45.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.