Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Update

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 375,683 shares, an increase of 172.7% from the June 15th total of 137,784 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 38,288,712 shares, the days-to-cover ratio is currently 0.0 days.

Iveda Solutions Trading Up 1.9%

Shares of IVDA traded up $0.01 during trading hours on Wednesday, reaching $0.29. The stock had a trading volume of 246,692 shares, compared to its average volume of 5,294,944. The company has a market cap of $3.37 million, a P/E ratio of -0.43 and a beta of 0.96. Iveda Solutions has a 52 week low of $0.22 and a 52 week high of $2.58. The company has a quick ratio of 4.38, a current ratio of 4.53 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $0.34 and a 200 day moving average of $0.44.

Iveda Solutions (NASDAQ:IVDA) last posted its earnings results on Friday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $1.49 million during the quarter. Iveda Solutions had a negative net margin of 55.42% and a negative return on equity of 73.92%.

Analysts Set New Price Targets

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

Institutional Trading of Iveda Solutions

An institutional investor 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 4th quarter, according to its most recent 13F filing with the 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 SEC. 4.30% of the stock is 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.