Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Update
by Amy Steele · The Cerbat GemIveda Solutions, Inc. (NASDAQ:IVDA – Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 37,429 shares, a drop of 42.4% from the December 31st total of 65,018 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 146,385 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 146,385 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are short sold.
Iveda Solutions Stock Down 3.3%
Iveda Solutions stock traded down $0.03 during mid-day trading on Friday, hitting $0.88. The company had a trading volume of 97,103 shares, compared to its average volume of 173,150. The company has a market capitalization of $5.17 million, a PE ratio of -0.67 and a beta of 0.82. The company has a current ratio of 3.48, a quick ratio of 3.32 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $0.98 and its two-hundred day moving average price is $1.31. Iveda Solutions has a 12 month low of $0.61 and a 12 month high of $3.95.
Iveda Solutions (NASDAQ:IVDA – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.63). Iveda Solutions had a negative net margin of 53.18% and a negative return on equity of 143.92%. The business had revenue of $1.65 million during the quarter, compared to the consensus estimate of $7.25 million.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on IVDA shares. Wall Street Zen downgraded Iveda Solutions to a “strong sell” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Iveda Solutions
Hedge Funds Weigh In On Iveda Solutions
An institutional investor recently bought a new position in Iveda Solutions stock. Lee Financial Co purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $40,000. Lee Financial Co owned 0.42% of Iveda Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 4.30% of the company’s stock.
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.