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

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 528,837 shares, an increase of 218.9% from the July 30th total of 165,824 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,899,226 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have commented on HCTI shares. Wall Street Zen upgraded Healthcare Triangle from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Healthcare Triangle has a consensus rating of “Sell”.

Institutional Trading of Healthcare Triangle

Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Healthcare Triangle during the second quarter worth $69,000. Jane Street Group LLC acquired a new position in shares of Healthcare Triangle during the second quarter worth $33,000. Finally, Private Advisor Group LLC bought a new position in shares of Healthcare Triangle in the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

Healthcare Triangle Price Performance

Healthcare Triangle stock traded up $0.01 during midday trading on Friday, reaching $0.84. The company’s stock had a trading volume of 105,723 shares, compared to its average volume of 710,789. Healthcare Triangle has a 52 week low of $0.83 and a 52 week high of $223.20. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $1.53 and a 200-day moving average price of $2.62. The stock has a market cap of $12.64 million, a PE ratio of -0.03 and a beta of 1.11.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, topping analysts’ consensus estimates of ($3.43) by $1.87. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. The firm had revenue of $9.19 million during the quarter, compared to analysts’ expectations of $10.35 million. On average, sell-side analysts predict that Healthcare Triangle will post -10.23 EPS for the current year.

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.