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

Streamline Health Solutions, Inc. (NASDAQ:STRMGet Rating) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 103,200 shares, an increase of 17.1% from the June 30th total of 88,100 shares. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.3% of the company’s stock are short sold.

Streamline Health Solutions Stock Performance

Shares of STRM opened at $1.65 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $80.55 million, a price-to-earnings ratio of -10.31 and a beta of 0.81. The stock has a 50 day moving average of $1.34 and a 200 day moving average of $1.39. Streamline Health Solutions has a 12 month low of $1.04 and a 12 month high of $1.88.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last issued its quarterly earnings results on Wednesday, June 8th. The company reported ($0.06) EPS for the quarter. The business had revenue of $5.94 million for the quarter. Streamline Health Solutions had a negative net margin of 35.29% and a negative return on equity of 22.28%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STRM. Lake Street Capital began coverage on Streamline Health Solutions in a research note on Friday, May 20th. They issued a “buy” rating and a $3.00 price objective for the company. TheStreet downgraded Streamline Health Solutions from a “c-” rating to a “d+” rating in a research note on Friday, June 10th. Finally, StockNews.com began coverage on Streamline Health Solutions in a research note on Monday. They issued a “sell” rating for the company.

Institutional Trading of Streamline Health Solutions

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Streamline Health Solutions by 31.3% in the first quarter. Vanguard Group Inc. now owns 1,499,359 shares of the company’s stock worth $2,399,000 after buying an additional 357,200 shares during the last quarter. HighTower Advisors LLC increased its position in Streamline Health Solutions by 46.2% in the first quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after buying an additional 30,050 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its position in Streamline Health Solutions by 118.5% in the first quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after buying an additional 100,000 shares during the last quarter. 40.83% of the stock is owned by hedge funds and other institutional investors.

Streamline Health Solutions Company Profile

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Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.

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