iOThree Limited (NASDAQ:IOTR) Sees Large Increase in Short Interest

iOThree Limited (NASDAQ:IOTR) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 34,534 shares, an increase of 294.2% from the November 30th total of 8,761 shares. Based on an average trading volume of 462,059 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 462,059 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of iOThree in a research note on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

iOThree Stock Performance

Shares of iOThree stock traded down $0.15 on Thursday, hitting $2.66. The stock had a trading volume of 4,955 shares, compared to its average volume of 277,571. iOThree has a 52-week low of $2.24 and a 52-week high of $59.80. The business has a 50 day moving average price of $2.99.

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.