Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Update

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 118,724 shares, a drop of 77.9% from the December 31st total of 536,611 shares. Based on an average daily volume of 1,160,522 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.0% of the company’s stock are sold short. Currently, 2.0% of the company’s stock are sold short. Based on an average daily volume of 1,160,522 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Healthcare Triangle

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in shares of Healthcare Triangle during the third quarter worth about $26,000. Jane Street Group LLC bought a new stake in Healthcare Triangle in the 2nd quarter valued at about $33,000. Finally, XTX Topco Ltd purchased a new stake in shares of Healthcare Triangle in the second quarter worth about $69,000. 0.33% of the stock is currently owned by institutional investors.

Healthcare Triangle Trading Up 10.2%

Shares of Healthcare Triangle stock traded up $0.03 on Wednesday, reaching $0.30. 6,613,773 shares of the company were exchanged, compared to its average volume of 18,157,471. The company has a 50-day moving average of $1.34 and a 200 day moving average of $2.79. The company has a market capitalization of $1.77 million, a price-to-earnings ratio of 0.00 and a beta of 0.93. Healthcare Triangle has a one year low of $0.25 and a one year high of $218.12.

Healthcare Triangle (NASDAQ:HCTI) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The business had revenue of $3.49 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HCTI shares. Wall Street Zen downgraded Healthcare Triangle from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Healthcare Triangle currently has a consensus rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.