Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Decreases By 71.1%

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 869,936 shares, a decrease of 71.1% from the August 15th total of 3,008,768 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average trading volume of 1,109,502 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Iveda Solutions Trading Up 0.5%

Shares of NASDAQ:IVDA traded up $0.00 during trading on Friday, reaching $0.29. The stock had a trading volume of 135,377 shares, compared to its average volume of 1,159,260. Iveda Solutions has a 52 week low of $0.21 and a 52 week high of $2.24. The firm’s fifty day moving average is $0.30 and its 200 day moving average is $0.31. The stock has a market cap of $3.57 million, a price-to-earnings ratio of -0.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.00 and a current ratio of 5.19.

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

Institutional Trading of Iveda Solutions

An institutional investor recently raised its position in Iveda Solutions stock. Citadel Advisors LLC raised its stake in Iveda Solutions, Inc. (NASDAQ:IVDA) by 112.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 334,345 shares of the company’s stock after purchasing an additional 177,184 shares during the period. Citadel Advisors LLC owned 2.67% of Iveda Solutions worth $109,000 as of its most recent SEC filing. Institutional investors own 4.30% of the company’s stock.

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.