Iveda Solutions, Inc. (NASDAQ:IVDA) Sees Significant Decline in Short Interest

Iveda Solutions, Inc. (NASDAQ:IVDA) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 7,000 shares, a decrease of 35.2% from the May 15th total of 10,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 80,000 shares, the days-to-cover ratio is currently 0.1 days.

Iveda Solutions Stock Performance

Shares of IVDA traded up $0.04 during mid-day trading on Friday, hitting $0.60. 10,653 shares of the company’s stock were exchanged, compared to its average volume of 75,466. Iveda Solutions has a 52 week low of $0.55 and a 52 week high of $1.27. The stock’s 50-day simple moving average is $0.77 and its 200-day simple moving average is $0.75. The firm has a market cap of $9.79 million, a price-to-earnings ratio of -2.51 and a beta of 1.19. The company has a quick ratio of 3.24, a current ratio of 3.57 and a debt-to-equity ratio of 0.10.

Iveda Solutions (NASDAQ:IVDA) last announced its earnings results on Monday, May 20th. The company reported ($0.07) EPS for the quarter. Iveda Solutions had a negative return on equity of 61.50% and a negative net margin of 81.78%. The business had revenue of $0.35 million for the quarter.

Iveda Solutions Company Profile

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States, Egypt, and Taiwan. The company offers IvedaAI, a deep-learning video analytics software; IvedaPinpoint, a solution that manages Bluetooth trackers and sensors, and displays them on a map for exact location; and Sentir Video, a video surveillance solution for various kinds of applications.