Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Increases By 240.3%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 101,400 shares, an increase of 240.3% from the October 15th total of 29,800 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average trading volume of 170,200 shares, the short-interest ratio is presently 0.6 days.

HeartCore Enterprises Stock Up 11.3 %

Shares of NASDAQ:HTCR traded up $0.12 during midday trading on Tuesday, hitting $1.18. 98,321 shares of the company’s stock traded hands, compared to its average volume of 78,819. HeartCore Enterprises has a twelve month low of $0.43 and a twelve month high of $1.55. The company has a market cap of $24.62 million, a PE ratio of -2.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average price is $0.89 and its two-hundred day moving average price is $0.79.

HeartCore Enterprises (NASDAQ:HTCR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $4.07 million during the quarter, compared to analysts’ expectations of $5.90 million. HeartCore Enterprises had a negative return on equity of 104.23% and a negative net margin of 49.30%. On average, equities research analysts anticipate that HeartCore Enterprises will post 0.25 EPS for the current fiscal year.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.