Sify Technologies Limited (NASDAQ:SIFY) Sees Large Increase in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 80,800 shares, an increase of 46.9% from the January 31st total of 55,000 shares. Based on an average trading volume of 109,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SIFY. XTX Topco Ltd purchased a new position in shares of Sify Technologies during the fourth quarter worth $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Sify Technologies during the fourth quarter worth $124,000. Finally, CSS LLC IL purchased a new position in shares of Sify Technologies during the fourth quarter worth $135,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Sify Technologies Price Performance

SIFY stock opened at $4.56 on Wednesday. The business has a fifty day moving average of $3.60 and a two-hundred day moving average of $3.16. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The stock has a market cap of $139.36 million, a price-to-earnings ratio of 114.00, a price-to-earnings-growth ratio of 26.80 and a beta of 1.49. Sify Technologies has a 52-week low of $1.82 and a 52-week high of $10.14.

Sify Technologies (NASDAQ:SIFY) last posted its earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. As a group, research analysts anticipate that Sify Technologies will post 0.01 earnings per share for the current year.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.