Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Grows By 188.0%

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 182,000 shares, an increase of 188.0% from the October 15th total of 63,200 shares. Based on an average daily volume of 100,000 shares, the short-interest ratio is currently 1.8 days. Approximately 8.5% of the company’s stock are sold short.

Iveda Solutions Trading Down 4.0 %

IVDA opened at $1.44 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.19 and a current ratio of 2.57. The company has a market capitalization of $3.25 million, a P/E ratio of -0.82 and a beta of 1.11. The business has a fifty day moving average price of $1.62. Iveda Solutions has a 12-month low of $1.27 and a 12-month high of $10.16.

Iveda Solutions (NASDAQ:IVDA) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. Iveda Solutions had a negative return on equity of 66.09% and a negative net margin of 93.39%. The business had revenue of $1.53 million during the quarter.

About Iveda Solutions

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.