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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Iveda Solutions in a research report on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new position in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned approximately 0.85% of Iveda Solutions at the end of the most recent quarter. 4.30% of the stock is currently owned by institutional investors.

Iveda Solutions Stock Performance

Shares of NASDAQ:IVDA opened at $0.27 on Tuesday. Iveda Solutions has a twelve month low of $0.22 and a twelve month high of $2.58. The firm has a market cap of $3.18 million, a PE ratio of -0.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.38 and a current ratio of 4.53. The business has a fifty day moving average of $0.34 and a 200-day moving average of $0.44.

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

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.