Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Down 91.5% in December

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 91,696 shares, a decline of 91.5% from the November 30th total of 1,078,183 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 897,822 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 897,822 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

IVDA has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, October 31st. Wall Street Zen cut shares of Iveda Solutions to a “strong sell” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co acquired a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned about 0.42% of Iveda Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 4.30% of the company’s stock.

Iveda Solutions Stock Down 2.2%

NASDAQ:IVDA traded down $0.02 during trading hours on Thursday, reaching $0.86. The company had a trading volume of 50,058 shares, compared to its average volume of 711,157. Iveda Solutions has a twelve month low of $0.61 and a twelve month high of $8.05. The company has a quick ratio of 3.32, a current ratio of 3.48 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.06 million, a price-to-earnings ratio of -0.66 and a beta of 0.85. The business’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.53.

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

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.