Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 325.0% in March

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 95,200 shares, an increase of 325.0% from the February 29th total of 22,400 shares. Based on an average daily volume of 92,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 5.8% of the shares of the company are sold short.

Healthcare Triangle Stock Performance

Shares of Healthcare Triangle stock traded down $0.02 during trading hours on Wednesday, reaching $1.86. 36,351 shares of the stock traded hands, compared to its average volume of 100,056. The company has a 50 day moving average price of $2.21 and a 200 day moving average price of $3.15. The firm has a market capitalization of $8.65 million, a price-to-earnings ratio of -0.63 and a beta of 1.01. Healthcare Triangle has a one year low of $1.75 and a one year high of $10.89. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.65.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation.