Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 41,300 shares, a decline of 56.4% from the February 29th total of 94,800 shares. Based on an average daily volume of 90,600 shares, the days-to-cover ratio is currently 0.5 days.

Sify Technologies Trading Down 0.8 %

Shares of SIFY stock traded down $0.01 on Thursday, reaching $1.26. 43,125 shares of the stock were exchanged, compared to its average volume of 90,207. Sify Technologies has a twelve month low of $1.07 and a twelve month high of $3.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 1.10. The business’s 50 day moving average price is $1.35 and its 200 day moving average price is $1.58.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in Sify Technologies by 100.3% during the third quarter. Acadian Asset Management LLC now owns 509,303 shares of the technology company’s stock worth $928,000 after purchasing an additional 255,050 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Sify Technologies in the 4th quarter valued at $207,000. JPMorgan Chase & Co. raised its position in Sify Technologies by 166,434.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 148,216 shares of the technology company’s stock valued at $289,000 after purchasing an additional 148,127 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Sify Technologies by 19.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,198 shares of the technology company’s stock worth $365,000 after purchasing an additional 19,756 shares during the period. Finally, Rhumbline Advisers grew its position in Sify Technologies by 386.1% during the 3rd quarter. Rhumbline Advisers now owns 112,179 shares of the technology company’s stock worth $205,000 after purchasing an additional 89,103 shares during the last quarter. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Sify Technologies from a “c-” rating to a “d+” rating in a report on Friday, February 2nd.

About Sify Technologies

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.