HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Update

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 350,832 shares, an increase of 197.5% from the February 12th total of 117,940 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average trading volume of 1,326,446 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,326,446 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of NASDAQ:HTCR traded down $0.00 during trading on Friday, reaching $0.25. The stock had a trading volume of 124,855 shares, compared to its average volume of 647,885. The stock has a market capitalization of $6.23 million, a PE ratio of -0.40 and a beta of 1.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.40. HeartCore Enterprises has a 52 week low of $0.22 and a 52 week high of $1.67. The business’s 50-day moving average price is $0.28 and its 200 day moving average price is $0.56.

Hedge Funds Weigh In On HeartCore Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of HTCR. Virtu Financial LLC grew its holdings in shares of HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after purchasing an additional 33,807 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of 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 buying an additional 52,217 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new position in HeartCore Enterprises during the 4th quarter worth about $30,000. Finally, XTX Topco Ltd acquired a new position in HeartCore Enterprises during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

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.