Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Growth in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 536,611 shares, a growth of 24.0% from the December 15th total of 432,595 shares. Based on an average daily volume of 657,547 shares, the short-interest ratio is presently 0.8 days. Currently, 9.3% of the company’s stock are sold short. Currently, 9.3% of the company’s stock are sold short. Based on an average daily volume of 657,547 shares, the short-interest ratio is presently 0.8 days.

Healthcare Triangle Trading Up 8.8%

NASDAQ:HCTI traded up $0.04 during mid-day trading on Tuesday, reaching $0.49. 609,269 shares of the stock were exchanged, compared to its average volume of 1,071,209. The business has a fifty day moving average price of $1.57 and a 200 day moving average price of $3.02. Healthcare Triangle has a 1-year low of $0.43 and a 1-year high of $238.54. The firm has a market capitalization of $2.90 million, a PE ratio of -0.01 and a beta of 0.93.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The business had revenue of $3.49 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Wednesday, October 8th. Wall Street Zen cut Healthcare Triangle from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in Healthcare Triangle during the second quarter worth $69,000. Jane Street Group LLC bought a new stake in shares of Healthcare Triangle during the 2nd quarter worth about $33,000. Finally, Private Advisor Group LLC acquired a new position in shares of Healthcare Triangle during the 3rd quarter valued at about $26,000. 0.33% of the stock is owned by institutional investors and hedge funds.

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.