Short Interest in iOThree Limited (NASDAQ:IOTR) Decreases By 25.1%

iOThree Limited (NASDAQ:IOTR) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 15,114 shares, a decrease of 25.1% from the February 12th total of 20,177 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 31,904 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 31,904 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are sold short.

iOThree Stock Performance

Shares of IOTR traded down $0.03 during trading hours on Friday, hitting $1.98. 12,319 shares of the company were exchanged, compared to its average volume of 39,182. iOThree has a fifty-two week low of $1.84 and a fifty-two week high of $59.80. The firm’s fifty day moving average is $2.82 and its 200 day moving average is $3.15.

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.