iOThree Limited (NASDAQ:IOTR) Short Interest Up 165.0% in August

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,226 shares, a growth of 165.0% from the August 15th total of 25,370 shares. Based on an average trading volume of 126,850 shares, the short-interest ratio is currently 0.5 days. Approximately 3.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut iOThree from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

iOThree Stock Up 3.3%

Shares of IOTR opened at $2.38 on Friday. iOThree has a twelve month low of $1.51 and a twelve month high of $7.47. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $2.86 and its 200-day moving average price is $2.62.

iOThree (NASDAQ:IOTR) last issued its quarterly earnings data on Tuesday, July 7th. The company reported ($0.22) EPS for the quarter. The company had revenue of $3.68 million for the quarter.

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.