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

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 67,682 shares, a growth of 104.8% from the May 14th total of 33,045 shares. Based on an average daily volume of 215,653 shares, the days-to-cover ratio is presently 0.3 days. Currently, 11.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC boosted its position in shares of HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock worth $36,000 after buying an additional 33,807 shares during the period. Jane Street Group LLC boosted its position 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 worth $35,000 after buying an additional 52,217 shares during the period. XTX Topco Ltd acquired a new stake in shares of HeartCore Enterprises in the fourth quarter worth $28,000. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in shares of HeartCore Enterprises in the fourth quarter worth $30,000. 1.71% of the stock is owned by hedge funds and other institutional investors.

HeartCore Enterprises Price Performance

NASDAQ HTCR traded down $0.19 on Friday, reaching $3.32. 45,838 shares of the stock traded hands, compared to its average volume of 136,033. The firm’s fifty day simple moving average is $3.22 and its 200 day simple moving average is $5.13. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.78 million, a price-to-earnings ratio of -1.45 and a beta of 1.60. HeartCore Enterprises has a 12 month low of $2.50 and a 12 month high of $33.40.

HeartCore Enterprises (NASDAQ:HTCR) last issued its earnings results on Friday, May 15th. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.46). The business had revenue of $1.25 million for the quarter, compared to the consensus estimate of $5.50 million. HeartCore Enterprises had a negative return on equity of 115.26% and a negative net margin of 67.96%.

Analyst Ratings Changes

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

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.