HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Down 45.2% in June

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 32,692 shares, a decline of 45.2% from the June 15th total of 59,682 shares. Based on an average trading volume of 44,707 shares, the days-to-cover ratio is currently 0.7 days. Approximately 5.3% of the company’s stock are sold short.

HeartCore Enterprises Stock Down 3.8%

NASDAQ HTCR traded down $0.10 during trading on Friday, reaching $2.51. 19,407 shares of the company’s stock were exchanged, compared to its average volume of 55,855. The stock has a market cap of $3.61 million, a P/E ratio of -1.10 and a beta of 1.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $4.28. HeartCore Enterprises has a 1 year low of $2.50 and a 1 year high of $33.40.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The firm had revenue of $1.25 million during the quarter, compared to analyst estimates of $5.50 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On HeartCore Enterprises

Several hedge funds have recently added to or reduced their stakes in HTCR. XTX Topco Ltd purchased a new stake in shares of HeartCore Enterprises during the 4th quarter worth approximately $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in HeartCore Enterprises during the 4th quarter worth $30,000. Jane Street Group LLC lifted its position in HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares during the last quarter. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

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.