Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Up 1,398.7% in August

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,008,768 shares, an increase of 1,398.7% from the July 30th total of 200,764 shares. Based on an average daily volume of 28,366,878 shares, the short-interest ratio is presently 0.1 days. Currently, 25.3% of the company’s stock are short sold.

Iveda Solutions Stock Performance

Shares of NASDAQ IVDA opened at $0.28 on Thursday. The firm’s 50-day moving average price is $0.32 and its 200-day moving average price is $0.31. Iveda Solutions has a 52-week low of $0.21 and a 52-week high of $2.24. The company has a market cap of $3.54 million, a PE ratio of -0.52 and a beta of 0.98. The company has a quick ratio of 5.00, a current ratio of 5.19 and a debt-to-equity ratio of 0.04.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $0.80 million for the quarter. Iveda Solutions had a negative net margin of 69.24% and a negative return on equity of 63.92%.

Institutional Investors Weigh In On Iveda Solutions

An institutional investor recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC acquired a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned about 0.85% of Iveda Solutions at the end of the most recent quarter. 4.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Iveda Solutions

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.