Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Down 93.4% in June

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a decline of 93.4% from the May 31st total of 64,100 shares. Based on an average trading volume of 504,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Healthcare Triangle Stock Up 3.2 %

HCTI traded up $0.02 during trading on Thursday, reaching $0.52. 77,557 shares of the stock traded hands, compared to its average volume of 315,904. The stock’s 50-day simple moving average is $0.87 and its two-hundred day simple moving average is $1.82. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.53 and a quick ratio of 0.53. Healthcare Triangle has a fifty-two week low of $0.43 and a fifty-two week high of $10.89. The stock has a market cap of $2.90 million, a price-to-earnings ratio of -0.20 and a beta of 0.93.

Healthcare Triangle (NASDAQ:HCTI) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.42) earnings per share (EPS) for the quarter. Healthcare Triangle had a negative net margin of 39.76% and a negative return on equity of 307.58%. The firm had revenue of $4.11 million for the quarter.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.