iOThree Limited (NASDAQ:IOTR) Short Interest Down 59.4% in July

iOThree Limited (NASDAQ:IOTR) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 28,879 shares, a decline of 59.4% from the July 15th total of 71,124 shares. Based on an average daily trading volume, of 31,413 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of iOThree from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

iOThree Stock Performance

Shares of IOTR stock traded down $0.09 on Friday, reaching $2.66. 5,469 shares of the company were exchanged, compared to its average volume of 20,723. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.80 and a quick ratio of 1.41. The company has a 50-day moving average of $3.03 and a 200-day moving average of $2.72. iOThree has a one year low of $1.51 and a one year high of $7.47.

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

About iOThree

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.