Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Significant Increase in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 767,059 shares, a growth of 59.4% from the September 15th total of 481,149 shares. Based on an average daily trading volume, of 7,676,531 shares, the short-interest ratio is presently 0.1 days. Approximately 5.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HCTI. Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday. Wall Street Zen upgraded shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Healthcare Triangle Stock Performance

Shares of NASDAQ:HCTI traded down $0.02 during trading hours on Friday, hitting $0.40. The stock had a trading volume of 39,950 shares, compared to its average volume of 1,057,813. The stock’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $1.66. The firm has a market capitalization of $5.93 million, a price-to-earnings ratio of -0.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60. Healthcare Triangle has a 1-year low of $0.37 and a 1-year high of $188.40.

Healthcare Triangle (NASDAQ:HCTI) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($1.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.43) by $1.87. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $10.35 million. Sell-side analysts anticipate that Healthcare Triangle will post -10.23 earnings per share for the current fiscal year.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.

The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.