Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Drops By 29.1%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 65,018 shares, a drop of 29.1% from the December 15th total of 91,696 shares. Based on an average daily trading volume, of 104,095 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.2% of the company’s stock are short sold. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 104,095 shares, the days-to-cover ratio is currently 0.6 days.

Iveda Solutions Stock Performance

Shares of NASDAQ:IVDA traded down $0.05 on Monday, hitting $1.03. The company had a trading volume of 267,088 shares, compared to its average volume of 122,455. The stock has a market cap of $6.05 million, a price-to-earnings ratio of -0.79 and a beta of 0.82. The stock has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.40. Iveda Solutions has a 1-year low of $0.61 and a 1-year high of $5.50. The company has a current ratio of 3.48, a quick ratio of 3.32 and a debt-to-equity ratio of 0.08.

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

Analysts Set New Price Targets

A number of analysts have commented on IVDA shares. Wall Street Zen cut shares of Iveda Solutions to a “strong sell” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Iveda Solutions

An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned approximately 0.42% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is currently owned by institutional investors.

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.