iOThree Limited (NASDAQ:IOTR) Short Interest Down 42.3% in December

iOThree Limited (NASDAQ:IOTR) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 19,929 shares, a decline of 42.3% from the December 15th total of 34,534 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 30,729 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 30,729 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of iOThree in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

iOThree Trading Up 2.4%

Shares of NASDAQ IOTR traded up $0.07 during mid-day trading on Thursday, reaching $3.01. 648,100 shares of the company’s stock were exchanged, compared to its average volume of 1,203,678. The stock’s 50-day moving average is $2.87. iOThree has a 52-week low of $2.24 and a 52-week high of $59.80.

About iOThree

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.