Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Rises By 104.8%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 67,682 shares, an increase 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 short sold.

HeartCore Enterprises Price Performance

HTCR stock traded up $0.09 during mid-day trading on Monday, reaching $3.41. 5,274 shares of the company traded hands, compared to its average volume of 58,834. HeartCore Enterprises has a 52-week low of $2.50 and a 52-week high of $33.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $4.92 million, a P/E ratio of -1.49 and a beta of 1.60. The company has a fifty day moving average price of $3.22 and a 200-day moving average price of $5.13.

HeartCore Enterprises (NASDAQ:HTCR) last issued its quarterly earnings data on Friday, May 15th. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The business had revenue of $1.25 million for the quarter, compared to analysts’ expectations 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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Institutional Trading of HeartCore Enterprises

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC lifted its position in HeartCore Enterprises by 306.7% in the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after purchasing an additional 33,807 shares during the last quarter. Jane Street Group LLC lifted its position in HeartCore Enterprises by 85.7% in the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after purchasing an additional 52,217 shares during the last quarter. XTX Topco Ltd bought a new stake in HeartCore Enterprises in the fourth quarter valued at approximately $28,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in HeartCore Enterprises in the fourth quarter valued at approximately $30,000. Institutional investors own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

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.