Short Interest in iOThree Limited (NASDAQ:IOTR) Decreases By 94.6%

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 17,518 shares, a drop of 94.6% from the May 31st total of 322,378 shares. Based on an average trading volume of 308,124 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of iOThree from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

iOThree Price Performance

iOThree stock traded down $0.12 during midday trading on Friday, hitting $2.59. The company’s stock had a trading volume of 13,921 shares, compared to its average volume of 1,281,651. iOThree has a 12 month low of $1.51 and a 12 month high of $7.47. The stock’s 50-day moving average price is $2.73 and its 200-day moving average price is $2.67.

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.