Iveda Solutions, Inc. (NASDAQ:IVDA) Sees Large Drop in Short Interest

Iveda Solutions, Inc. (NASDAQ:IVDA) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 139,400 shares, a drop of 19.9% from the November 30th total of 174,100 shares. Based on an average daily volume of 339,400 shares, the days-to-cover ratio is currently 0.4 days. Currently, 5.5% of the shares of the stock are short sold.

Iveda Solutions Trading Up 44.0 %

NASDAQ IVDA opened at $5.53 on Friday. Iveda Solutions has a 12 month low of $1.27 and a 12 month high of $10.16. The company has a current ratio of 2.45, a quick ratio of 2.04 and a debt-to-equity ratio of 0.08. The stock has a market cap of $14.70 million, a PE ratio of -3.41 and a beta of 1.11. The business has a 50 day simple moving average of $2.05.

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.