Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Declines By 50.2%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 174,760 shares, a decline of 50.2% from the February 26th total of 350,832 shares. Based on an average daily trading volume, of 224,555 shares, the short-interest ratio is currently 0.8 days. Approximately 1.6% of the shares of the stock are short sold.

HeartCore Enterprises Trading Down 1.1%

Shares of NASDAQ HTCR traded down $0.00 during trading hours on Thursday, hitting $0.24. 79,755 shares of the company traded hands, compared to its average volume of 576,961. The company’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.50. HeartCore Enterprises has a 12 month low of $0.22 and a 12 month high of $1.67. The stock has a market capitalization of $6.06 million, a price-to-earnings ratio of -0.39 and a beta of 1.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Institutional Investors Weigh In On HeartCore Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in HTCR. Virtu Financial LLC lifted its holdings in shares of HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after acquiring an additional 33,807 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after purchasing an additional 52,217 shares during the period. XTX Topco Ltd bought a new position in HeartCore Enterprises during the 4th quarter valued at about $28,000. Finally, Board of Trustees of The Leland Stanford Junior University purchased a new stake in HeartCore Enterprises in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 1.71% of the company’s stock.

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.