HeartCore Enterprises, Inc. (NASDAQ:HTCR) Sees Large Decrease in Short Interest

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 174,760 shares, a decline of 50.2% from the February 26th total of 350,832 shares. Based on an average daily volume of 224,555 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HeartCore Enterprises in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of HTCR stock traded down $0.01 during trading hours on Friday, hitting $0.23. 96,750 shares of the company were exchanged, compared to its average volume of 217,481. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.50. HeartCore Enterprises has a 52-week low of $0.22 and a 52-week high of $1.67.

Institutional Investors Weigh In On HeartCore Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises during the fourth quarter worth about $30,000. XTX Topco Ltd bought a new position in HeartCore Enterprises in the 4th quarter worth approximately $28,000. Jane Street Group LLC grew its stake in HeartCore Enterprises by 85.7% in the 4th 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 in the last quarter. Finally, Virtu Financial LLC raised its holdings in HeartCore Enterprises by 306.7% during the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares during the period. 1.71% of the stock is currently owned by institutional investors.

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.