Short Interest in Healthcare Triangle, Inc. (NASDAQ:HCTI) Declines By 99.0%

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 45,967 shares, a decrease of 99.0% from the January 29th total of 4,558,327 shares. Based on an average daily trading volume, of 173,067 shares, the short-interest ratio is currently 0.3 days. Currently, 6.1% of the shares of the company are short sold. Currently, 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 173,067 shares, the short-interest ratio is currently 0.3 days.

Healthcare Triangle Trading Down 1.0%

HCTI opened at $5.81 on Thursday. Healthcare Triangle has a 1-year low of $5.24 and a 1-year high of $9,711.00. The stock has a market capitalization of $4.42 million, a PE ratio of 0.00 and a beta of 0.91. The firm has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $109.97.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Healthcare Triangle in the 2nd quarter valued at $69,000. Jane Street Group LLC bought a new position in Healthcare Triangle in the second quarter valued at 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 and hedge funds own 0.33% of the company’s stock.

Analysts Set New Price Targets

HCTI has been the subject of several recent research reports. Wall Street Zen cut Healthcare Triangle from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.