Short Interest in iOThree Limited (NASDAQ:IOTR) Rises By 960.1%

iOThree Limited (NASDAQ:IOTR) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 34,029 shares, a growth of 960.1% from the March 31st total of 3,210 shares. Based on an average daily volume of 859,285 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.3% of the company’s shares are short sold.

iOThree Stock Performance

Shares of IOTR stock traded up $0.06 during trading hours on Friday, hitting $2.51. The company had a trading volume of 6,279 shares, compared to its average volume of 1,212,707. The company’s fifty day moving average is $2.28 and its 200 day moving average is $2.81. iOThree has a fifty-two week low of $1.51 and a fifty-two week high of $9.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of iOThree in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.