Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Increases By 1,398.7%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,008,768 shares, a growth of 1,398.7% from the July 30th total of 200,764 shares. Based on an average daily trading volume, of 28,366,878 shares, the short-interest ratio is presently 0.1 days. Approximately 25.3% of the company’s stock are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned approximately 0.85% of Iveda Solutions at the end of the most recent quarter. 4.30% of the stock is owned by hedge funds and other institutional investors.

Iveda Solutions Stock Down 6.1%

Shares of Iveda Solutions stock traded down $0.02 during trading on Tuesday, hitting $0.30. The company’s stock had a trading volume of 678,094 shares, compared to its average volume of 14,805,645. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.00 and a current ratio of 5.19. The company has a fifty day simple moving average of $0.32 and a two-hundred day simple moving average of $0.31. The company has a market capitalization of $3.81 million, a PE ratio of -0.56 and a beta of 0.98. Iveda Solutions has a 52 week low of $0.21 and a 52 week high of $2.24.

Iveda Solutions (NASDAQ:IVDA) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.07) EPS for the quarter. The business had revenue of $0.80 million for the quarter. Iveda Solutions had a negative return on equity of 63.92% and a negative net margin of 69.24%.

Iveda Solutions Company Profile

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.