Sify Technologies Limited (NASDAQ:SIFY) Sees Large Growth in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 75,200 shares, a growth of 82.1% from the March 15th total of 41,300 shares. Based on an average trading volume of 87,100 shares, the short-interest ratio is presently 0.9 days.

Sify Technologies Stock Down 1.6 %

Shares of SIFY stock traded down $0.02 during trading on Friday, hitting $1.26. The company had a trading volume of 59,165 shares, compared to its average volume of 86,043. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.53. Sify Technologies has a one year low of $1.07 and a one year high of $3.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SIFY. Qube Research & Technologies Ltd bought a new stake in shares of Sify Technologies in the third quarter worth $32,000. Bank of America Corp DE boosted its position in Sify Technologies by 67.9% during the first quarter. Bank of America Corp DE now owns 24,995 shares of the technology company’s stock valued at $75,000 after acquiring an additional 10,108 shares during the last quarter. Virtu Financial LLC bought a new stake in Sify Technologies during the fourth quarter valued at $50,000. Renaissance Technologies LLC boosted its position in Sify Technologies by 342.1% during the fourth quarter. Renaissance Technologies LLC now owns 84,000 shares of the technology company’s stock valued at $97,000 after acquiring an additional 65,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Sify Technologies by 386.1% during the third quarter. Rhumbline Advisers now owns 112,179 shares of the technology company’s stock valued at $205,000 after acquiring an additional 89,103 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Sify Technologies from a “c-” rating to a “d+” rating in a report on Friday, February 2nd.

Sify Technologies Company Profile

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.