HeartCore Enterprises, Inc. (NASDAQ:HTCR) Sees Significant Drop in Short Interest

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 134,240 shares, a drop of 51.5% from the December 15th total of 276,886 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 264,135 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 264,135 shares, the short-interest ratio is currently 0.5 days. Approximately 1.2% of the company’s stock are short sold.

HeartCore Enterprises Stock Up 0.6%

Shares of HTCR stock traded up $0.00 on Wednesday, hitting $0.32. The company’s stock had a trading volume of 97,981 shares, compared to its average volume of 106,669. The stock has a market capitalization of $8.08 million, a price-to-earnings ratio of -0.52 and a beta of 1.98. HeartCore Enterprises has a fifty-two week low of $0.22 and a fifty-two week high of $1.76. The firm’s fifty day moving average price is $0.45 and its 200-day moving average price is $0.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.40 and a quick ratio of 1.40.

HeartCore Enterprises (NASDAQ:HTCR) last posted its earnings results on Tuesday, November 18th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). The company had revenue of $2.99 million for the quarter, compared to the consensus estimate of $6.90 million. HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 252.45%. Research analysts anticipate that HeartCore Enterprises will post 0.39 EPS for the current year.

HeartCore Enterprises Announces Dividend

The business also recently announced a special dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, November 10th. HeartCore Enterprises’s dividend payout ratio is presently -3.28%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HTCR. Zacks Research downgraded shares of HeartCore Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a research report on Monday, December 29th. Finally, Wall Street Zen raised HeartCore Enterprises to a “hold” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Hedge Funds Weigh In On HeartCore Enterprises

A hedge fund recently raised its stake in HeartCore Enterprises stock. Virtu Financial LLC lifted its position in HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 306.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,829 shares of the company’s stock after buying an additional 33,807 shares during the quarter. Virtu Financial LLC owned about 0.19% of HeartCore Enterprises worth $36,000 as of its most recent filing with the Securities and Exchange Commission. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

About HeartCore Enterprises

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.