Iveda Solutions, Inc. (NASDAQ:IVDA) Sees Large Drop in Short Interest

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 83,903 shares, a drop of 48.3% from the March 31st total of 162,276 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 330,071 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Lee Financial Co acquired a new stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions as of its most recent SEC filing. 4.30% of the stock is owned by institutional investors and hedge funds.

Iveda Solutions Price Performance

IVDA traded up $0.00 during trading on Wednesday, hitting $0.30. 121,241 shares of the company traded hands, compared to its average volume of 3,453,333. The company has a market cap of $1.76 million, a PE ratio of -0.34 and a beta of 0.81. The stock’s 50-day simple moving average is $0.29 and its two-hundred day simple moving average is $0.71. Iveda Solutions has a 1 year low of $0.22 and a 1 year high of $2.70. The company has a current ratio of 4.86, a quick ratio of 4.67 and a debt-to-equity ratio of 0.06.

Iveda Solutions (NASDAQ:IVDA) last posted its earnings results on Tuesday, March 31st. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $0.63 million for the quarter. Iveda Solutions had a negative net margin of 60.56% and a negative return on equity of 109.05%.

Wall Street Analysts Forecast Growth

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

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.