Short Interest in iOThree Limited (NASDAQ:IOTR) Drops By 42.3%

iOThree Limited (NASDAQ:IOTR) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 9,829 shares, a decline of 42.3% from the April 30th total of 17,038 shares. Based on an average trading volume of 15,845 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

iOThree Stock Performance

NASDAQ IOTR traded down $0.10 during trading on Tuesday, hitting $3.65. The stock had a trading volume of 182,476 shares, compared to its average volume of 1,297,115. The firm has a 50 day moving average price of $2.41 and a 200 day moving average price of $2.66. iOThree has a twelve month low of $1.51 and a twelve month high of $7.47.

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.