iOThree Limited (NASDAQ:IOTR) Shares Shorted: Short Interest Down 87.3% in September

iOThree Limited (NASDAQ:IOTR) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 8,507 shares, a decline of 87.3% from the August 31st total of 67,226 shares. Based on an average daily volume of 22,301 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut iOThree from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

iOThree Stock Up 3.4%

iOThree stock traded up $0.07 during trading on Friday, reaching $2.00. The company had a trading volume of 3,153 shares, compared to its average volume of 76,603. The firm’s 50-day simple moving average is $2.59 and its 200 day simple moving average is $2.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.80 and a quick ratio of 1.41. iOThree has a 1-year low of $1.49 and a 1-year high of $7.47.

iOThree (NASDAQ:IOTR) last posted its quarterly earnings data on Tuesday, July 7th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $3.68 million for the quarter.

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.