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

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 249,064 shares, a decline of 33.7% from the June 30th total of 375,683 shares. Based on an average daily trading volume, of 312,286 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.3% of the shares of the company 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 Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Iveda Solutions Stock Performance

NASDAQ:IVDA opened at $0.26 on Friday. 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 stock has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.38. The firm has a market capitalization of $2.99 million, a PE ratio of -0.38 and a beta of 0.96. Iveda Solutions has a 52-week low of $0.21 and a 52-week high of $2.24.

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

Institutional Trading of Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Renaissance Technologies LLC bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 49,800 shares of the company’s stock, valued at approximately $42,000. Renaissance Technologies LLC owned 0.85% of Iveda Solutions as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.