Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Significant Drop in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 39,700 shares, a drop of 31.8% from the March 31st total of 58,200 shares. Based on an average daily trading volume, of 89,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Perkins Capital Management Inc. lifted its position in shares of Streamline Health Solutions by 33.7% during the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock valued at $850,000 after purchasing an additional 504,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after purchasing an additional 26,201 shares in the last quarter. Austin Wealth Management LLC lifted its position in shares of Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after purchasing an additional 468,242 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its position in shares of Streamline Health Solutions by 10.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after purchasing an additional 72,993 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Streamline Health Solutions during the fourth quarter valued at about $128,000. 31.74% of the stock is owned by institutional investors.

Streamline Health Solutions Stock Down 5.6 %

Shares of NASDAQ STRM traded down $0.02 during mid-day trading on Friday, reaching $0.32. 47,994 shares of the company’s stock traded hands, compared to its average volume of 49,328. The stock has a market cap of $18.88 million, a P/E ratio of -0.94 and a beta of 1.18. The business has a 50-day simple moving average of $0.46 and a 200 day simple moving average of $0.42. Streamline Health Solutions has a 1-year low of $0.21 and a 1-year high of $1.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.61.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Streamline Health Solutions in a report on Wednesday. They set a “sell” rating for the company.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.