iOThree Limited (NASDAQ:IOTR) Short Interest Update

iOThree Limited (NASDAQ:IOTR) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 34,534 shares, a growth of 294.2% from the November 30th total of 8,761 shares. Based on an average trading volume of 462,059 shares, the short-interest ratio is presently 0.1 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 462,059 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of iOThree in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, iOThree presently has a consensus rating of “Sell”.

iOThree Stock Up 4.9%

iOThree stock traded up $0.13 during mid-day trading on Friday, hitting $2.79. The company’s stock had a trading volume of 7,725 shares, compared to its average volume of 79,668. The company has a 50 day simple moving average of $2.98. iOThree has a one year low of $2.24 and a one year high of $59.80.

About iOThree

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.