Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Up 149.7% in January

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 93,452 shares, a growth of 149.7% from the January 15th total of 37,429 shares. Based on an average trading volume of 208,578 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.7% of the shares of the company are short sold. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 208,578 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded 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 report on Wednesday, January 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Iveda Solutions Trading Up 16.2%

NASDAQ:IVDA traded up $0.05 during mid-day trading on Friday, hitting $0.34. 201,409,794 shares of the stock traded hands, compared to its average volume of 1,556,550. 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’s 50 day moving average is $0.84 and its two-hundred day moving average is $1.20. Iveda Solutions has a 52 week low of $0.22 and a 52 week high of $3.55. The stock has a market capitalization of $1.98 million, a price-to-earnings ratio of -0.26 and a beta of 0.82.

Iveda Solutions (NASDAQ:IVDA) last posted its quarterly earnings data 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 net margin of 53.18% and a negative return on equity of 143.92%. The business had revenue of $1.65 million for the quarter, compared to analysts’ expectations of $7.25 million.

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.