iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 322,378 shares, a growth of 3,179.9% from the May 14th total of 9,829 shares. Based on an average trading volume of 4,264,628 shares, the days-to-cover ratio is currently 0.1 days. Approximately 12.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of iOThree from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

iOThree Stock Performance

NASDAQ:IOTR opened at $3.09 on Thursday. The company’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.68. iOThree has a fifty-two week low of $1.51 and a fifty-two week high of $7.47.

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.