Short Interest in iOThree Limited (NASDAQ:IOTR) Decreases By 66.7%

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 20,177 shares, a drop of 66.7% from the January 29th total of 60,632 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 103,932 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 103,932 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the company are sold short.

iOThree Stock Performance

Shares of IOTR stock opened at $2.21 on Thursday. iOThree has a 52-week low of $2.09 and a 52-week high of $59.80. The firm has a fifty day moving average of $2.96 and a 200-day moving average of $3.32.

iOThree Company Profile

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.