iOThree Limited (NASDAQ:IOTR) Sees Significant Growth in Short Interest

iOThree Limited (NASDAQ:IOTR) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 0.1 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 462,059 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of iOThree in a report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

iOThree Price Performance

Shares of NASDAQ IOTR traded up $0.13 during midday trading on Friday, reaching $2.79. The stock had a trading volume of 7,725 shares, compared to its average volume of 276,538. iOThree has a 12-month low of $2.24 and a 12-month high of $59.80. The business’s 50-day simple moving average is $2.98.

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.