Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 616.8% in July

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 68,100 shares, a growth of 616.8% from the July 15th total of 9,500 shares. Based on an average daily volume of 145,200 shares, the short-interest ratio is currently 0.5 days. Approximately 2.3% of the company’s shares are short sold.

Healthcare Triangle Trading Up 2.4 %

Shares of NASDAQ:HCTI traded up $0.01 during mid-day trading on Wednesday, reaching $0.54. The stock had a trading volume of 26,057 shares, compared to its average volume of 277,134. The firm has a 50 day simple moving average of $0.58 and a two-hundred day simple moving average of $1.29. The firm has a market cap of $3.03 million, a PE ratio of -0.21 and a beta of 0.87. Healthcare Triangle has a twelve month low of $0.43 and a twelve month high of $5.36. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.65.

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