iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 28,879 shares, a drop of 59.4% from the July 15th total of 71,124 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 31,413 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

iOThree Stock Performance

Shares of NASDAQ IOTR traded down $0.09 during midday trading on Friday, reaching $2.66. 5,469 shares of the stock were exchanged, compared to its average volume of 20,723. iOThree has a twelve month low of $1.51 and a twelve month high of $7.47. The firm has a 50-day simple moving average of $3.03 and a two-hundred day simple moving average of $2.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.80 and a quick ratio of 1.41.

iOThree (NASDAQ:IOTR) last posted its earnings results on Tuesday, July 7th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $3.68 million for the quarter.

About iOThree

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.