Short Interest in Iveda Solutions, Inc. (NASDAQ:IVDA) Drops By 60.4%

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 72,100 shares, a drop of 60.4% from the October 31st total of 182,000 shares. Based on an average trading volume of 220,100 shares, the short-interest ratio is currently 0.3 days. Currently, 2.9% of the shares of the stock are short sold.

Iveda Solutions Stock Performance

IVDA stock traded down $0.18 during trading on Thursday, hitting $1.90. 178,301 shares of the company’s stock traded hands, compared to its average volume of 73,476. The firm has a fifty day simple moving average of $1.66. The firm has a market capitalization of $5.05 million, a PE ratio of -1.17 and a beta of 1.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.45 and a quick ratio of 2.04. Iveda Solutions has a 52 week low of $1.27 and a 52 week high of $10.16.

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.