Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Update

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 4,558,327 shares, a growth of 3,739.4% from the January 15th total of 118,724 shares. Currently, 77.7% of the company’s stock are short sold. Based on an average daily trading volume, of 45,527,834 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 45,527,834 shares, the short-interest ratio is currently 0.1 days. Currently, 77.7% of the company’s stock are short sold.

Healthcare Triangle Stock Down 8.0%

Shares of NASDAQ HCTI traded down $0.72 during trading on Tuesday, hitting $8.28. 280,641 shares of the company traded hands, compared to its average volume of 331,973. The firm has a market capitalization of $48.63 million, a P/E ratio of -0.08 and a beta of 0.91. The company has a 50-day moving average price of $1.01 and a 200-day moving average price of $2.42. Healthcare Triangle has a 1 year low of $7.77 and a 1 year high of $13,087.44.

Healthcare Triangle (NASDAQ:HCTI) last issued its earnings results on Thursday, November 13th. The company reported ($25.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($13.20) by ($12.00). The firm had revenue of $3.49 million during the quarter.

Wall Street Analyst Weigh In

HCTI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, January 22nd. Wall Street Zen cut 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, Based on data from MarketBeat, Healthcare Triangle presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HCTI. Private Advisor Group LLC bought a new position in Healthcare Triangle during the third quarter worth $26,000. Jane Street Group LLC acquired a new position in shares of Healthcare Triangle in the 2nd quarter valued at about $33,000. Finally, XTX Topco Ltd bought a new stake in shares of Healthcare Triangle during the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

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.