Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Rises By 535.8%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 594,163 shares, a growth of 535.8% from the January 29th total of 93,452 shares. Based on an average daily volume of 22,578,994 shares, the short-interest ratio is currently 0.0 days. Approximately 10.6% of the company’s stock are sold short. Approximately 10.6% of the company’s stock are sold short. Based on an average daily volume of 22,578,994 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co purchased a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned about 0.42% of Iveda Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.30% of the company’s stock.

Iveda Solutions Stock Up 5.6%

Iveda Solutions stock traded up $0.02 during trading hours on Wednesday, hitting $0.31. The stock had a trading volume of 574,506 shares, compared to its average volume of 12,390,449. The company has a quick ratio of 3.32, a current ratio of 3.48 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.85 million, a P/E ratio of -0.24 and a beta of 0.82. Iveda Solutions has a 12-month low of $0.22 and a 12-month high of $3.55. The stock’s 50-day moving average price is $0.73 and its 200-day moving average price is $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Iveda Solutions

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.