Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Increase in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 513,200 shares, agrowthof411.7% from the July 31st total of 100,300 shares. Approximately8.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately8.8% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen raised Healthcare Triangle from a “sell” rating to a “hold” rating in a research note on Monday, August 18th.

Institutional Investors Weigh In On Healthcare Triangle

An institutional investor recently bought a new position in Healthcare Triangle stock. Jane Street Group LLC purchased a new position in shares of Healthcare Triangle, Inc. (NASDAQ:HCTI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,201,516 shares of the company’s stock, valued at approximately $33,000. Jane Street Group LLC owned 20.60% of Healthcare Triangle as of its most recent SEC filing. 0.33% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Triangle Stock Performance

Healthcare Triangle stock opened at $2.08 on Friday. Healthcare Triangle has a fifty-two week low of $1.37 and a fifty-two week high of $473.10. The company has a market capitalization of $12.13 million, a P/E ratio of -0.01 and a beta of 0.80. The stock has a 50-day simple moving average of $5.13 and a 200-day simple moving average of $35.37.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.58) EPS for the quarter. The business had revenue of $3.56 million during the quarter.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.