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

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 45,967 shares, a decrease of 99.0% from the January 29th total of 4,558,327 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average trading volume of 173,067 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 173,067 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

HCTI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Healthcare Triangle from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Healthcare Triangle Stock Performance

NASDAQ HCTI traded down $0.06 on Wednesday, hitting $5.81. 3,705,461 shares of the stock were exchanged, compared to its average volume of 236,867. Healthcare Triangle has a 52-week low of $5.24 and a 52-week high of $9,711.00. The firm has a market capitalization of $4.42 million, a P/E ratio of 0.00 and a beta of 0.91. The stock has a fifty day moving average price of $29.74 and a two-hundred day moving average price of $109.97.

Institutional Trading of Healthcare Triangle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in Healthcare Triangle in the third quarter worth about $26,000. Jane Street Group LLC purchased a new stake in shares of Healthcare Triangle in the second quarter worth approximately $33,000. Finally, XTX Topco Ltd bought a new stake in shares of Healthcare Triangle during the 2nd quarter worth approximately $69,000. 0.33% of the stock is owned by hedge funds and other institutional investors.

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.