Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Down 34.2% in August

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 347,970 shares, a drop of 34.2% from the August 15th total of 528,837 shares. Based on an average trading volume of 269,121 shares, the short-interest ratio is presently 1.3 days. Approximately 2.3% of the shares of the stock are short sold.

Healthcare Triangle Stock Up 9.1%

HCTI stock opened at $0.78 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $11.60 million, a P/E ratio of -0.02 and a beta of 1.09. The business has a fifty day moving average price of $1.16 and a 200-day moving average price of $1.96. Healthcare Triangle has a 1-year low of $0.68 and a 1-year high of $223.20.

Healthcare Triangle (NASDAQ:HCTI) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, topping the consensus estimate of ($3.43) by $1.87. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $10.35 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. Equities analysts forecast that Healthcare Triangle will post -10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HCTI. Wall Street Zen upgraded Healthcare Triangle from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc is a healthcare information technology company that helps healthcare providers, payers, and life sciences organizations modernize their technology environments. The company focuses on cloud transformation, data management, analytics, artificial intelligence, cybersecurity, and managed IT services.

Its offerings are designed to support the migration and operation of healthcare applications and data in cloud environments, while helping organizations improve interoperability, reporting, clinical decision-making, and regulatory compliance.