Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Update

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 206,969 shares, an increase of 146.7% from the April 15th total of 83,903 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 545,728 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Iveda Solutions presently has a consensus rating of “Sell”.

Institutional Trading of Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC purchased a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions as of its most recent SEC filing. 4.30% of the stock is owned by institutional investors.

Iveda Solutions Trading Down 0.3%

Shares of NASDAQ:IVDA traded down $0.00 during trading on Friday, reaching $0.32. 271,556 shares of the company traded hands, compared to its average volume of 384,094. The firm has a market capitalization of $1.86 million, a price-to-earnings ratio of -0.47 and a beta of 0.87. Iveda Solutions has a 52-week low of $0.22 and a 52-week high of $2.70. The company has a current ratio of 4.86, a quick ratio of 4.67 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $0.29 and its 200-day moving average is $0.64.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $1.49 million for the quarter. Iveda Solutions had a negative net margin of 60.56% and a negative return on equity of 109.05%.

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.