iOThree Limited (NASDAQ:IOTR) Short Interest Up 296.8% in January

iOThree Limited (NASDAQ:IOTR) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 79,085 shares, an increase of 296.8% from the December 31st total of 19,929 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,264,194 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 2,264,194 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.1% of the shares of the stock are sold short.

iOThree Stock Performance

Shares of IOTR traded up $0.02 during mid-day trading on Wednesday, reaching $4.24. The company’s stock had a trading volume of 327,967 shares, compared to its average volume of 4,537,311. iOThree has a 52 week low of $2.24 and a 52 week high of $59.80. The stock’s fifty day moving average price is $2.96.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of iOThree in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.