Iveda Solutions, Inc. (NASDAQ:IVDA) Sees Large Drop in Short Interest

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 249,064 shares, a decline of 33.7% from the June 30th total of 375,683 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 312,286 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Iveda Solutions in a research report on Friday, July 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Iveda Solutions Trading Down 2.3%

Shares of IVDA stock opened at $0.25 on Friday. Iveda Solutions has a fifty-two week low of $0.21 and a fifty-two week high of $2.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.38 and a current ratio of 4.53. The stock has a 50 day simple moving average of $0.32 and a two-hundred day simple moving average of $0.38. The company has a market cap of $2.91 million, a P/E ratio of -0.38 and a beta of 0.96.

Iveda Solutions (NASDAQ:IVDA) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $1.49 million for the quarter. Iveda Solutions had a negative return on equity of 73.92% and a negative net margin of 55.42%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC purchased a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions at the end of the most recent quarter. Institutional investors own 4.30% of the company’s stock.

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.