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

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 206,969 shares, a growth of 146.7% from the April 15th total of 83,903 shares. Based on an average daily volume of 545,728 shares, the short-interest ratio is presently 0.4 days. Approximately 3.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Iveda Solutions in a research note on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Iveda Solutions currently has an average rating of “Sell”.

Iveda Solutions Trading Down 0.3%

IVDA traded down $0.00 during trading on Friday, hitting $0.32. The company’s stock had a trading volume of 271,556 shares, compared to its average volume of 384,094. The firm’s 50 day moving average price is $0.29 and its 200-day moving average price is $0.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.86 and a quick ratio of 4.67. The stock has a market cap of $1.86 million, a PE ratio of -0.47 and a beta of 0.87. Iveda Solutions has a twelve month low of $0.22 and a twelve month high of $2.70.

Iveda Solutions (NASDAQ:IVDA) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $1.49 million during the quarter. Iveda Solutions had a negative net margin of 60.56% and a negative return on equity of 109.05%.

Institutional Inflows and Outflows

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) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned about 0.42% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is currently owned by institutional investors.

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.