Iveda Solutions, Inc. (NASDAQ:IVDA) Short Interest Up 106.5% in October

Iveda Solutions, Inc. (NASDAQ:IVDA) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 63,200 shares, an increase of 106.5% from the September 30th total of 30,600 shares. Based on an average trading volume of 40,100 shares, the short-interest ratio is presently 1.6 days. Approximately 3.0% of the shares of the stock are short sold.

Iveda Solutions Stock Performance

NASDAQ IVDA traded down $0.04 during trading hours on Monday, hitting $1.58. 16,533 shares of the company’s stock were exchanged, compared to its average volume of 21,215. Iveda Solutions has a 12-month low of $1.40 and a 12-month high of $10.16. The company has a market capitalization of $3.57 million, a PE ratio of -0.92 and a beta of 1.14. The company has a current ratio of 2.57, a quick ratio of 2.19 and a debt-to-equity ratio of 0.10.

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

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.