Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 29.1% in December

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 65,018 shares, a drop of 29.1% from the December 15th total of 91,696 shares. Based on an average trading volume of 104,095 shares, the short-interest ratio is presently 0.6 days. Currently, 1.2% of the shares of the company are short sold. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 104,095 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IVDA. Wall Street Zen cut Iveda Solutions to a “strong sell” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Iveda Solutions has a consensus rating of “Sell”.

Iveda Solutions Trading Down 4.6%

Shares of Iveda Solutions stock traded down $0.05 on Monday, reaching $1.03. The company had a trading volume of 267,088 shares, compared to its average volume of 122,455. The firm has a market cap of $6.05 million, a price-to-earnings ratio of -0.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.48 and a quick ratio of 3.32. The firm’s 50-day moving average price is $0.96 and its two-hundred day moving average price is $1.40. Iveda Solutions has a 1 year low of $0.61 and a 1 year high of $5.50.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.63). Iveda Solutions had a negative return on equity of 143.92% and a negative net margin of 53.18%.The firm had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $7.25 million.

Institutional Investors Weigh In On Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned approximately 0.42% of Iveda Solutions at the end of the most recent quarter. 4.30% of the stock is owned by hedge funds and other institutional investors.

Iveda Solutions Company Profile

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.