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

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,558,327 shares, a growth of 3,739.4% from the January 15th total of 118,724 shares. Approximately 77.7% of the shares of the company are short sold. Based on an average daily volume of 45,527,834 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 45,527,834 shares, the short-interest ratio is presently 0.1 days. Approximately 77.7% of the shares of the company are short sold.

Institutional Trading of Healthcare Triangle

Several hedge funds have recently added to or reduced their stakes in HCTI. XTX Topco Ltd bought a new position in shares of Healthcare Triangle in the second quarter worth $69,000. Jane Street Group LLC acquired a new stake in Healthcare Triangle in the second quarter worth about $33,000. Finally, Private Advisor Group LLC acquired a new stake in Healthcare Triangle in the third quarter worth about $26,000. Institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Stock Down 4.3%

Shares of NASDAQ:HCTI opened at $7.92 on Thursday. The company’s 50-day moving average price is $55.68 and its 200 day moving average price is $137.19. The company has a market cap of $792,000.00, a PE ratio of 0.00 and a beta of 0.91. Healthcare Triangle has a fifty-two week low of $7.30 and a fifty-two week high of $13,087.44.

Healthcare Triangle (NASDAQ:HCTI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($25.20) EPS for the quarter, missing the consensus estimate of ($13.20) by ($12.00). The business had revenue of $3.49 million for the quarter.

Analyst Upgrades and Downgrades

HCTI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, January 22nd. Wall Street Zen lowered Healthcare Triangle from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average 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.