Sify Technologies Limited (NASDAQ:SIFY) Short Interest Up 19.4% in December

Sify Technologies Limited (NASDAQ:SIFY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 553,966 shares, a growth of 19.4% from the December 15th total of 463,809 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 53,846 shares, the short-interest ratio is currently 10.3 days. Based on an average daily volume of 53,846 shares, the short-interest ratio is currently 10.3 days. Currently, 3.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Sify Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Sify Technologies Stock Performance

NASDAQ SIFY opened at $14.32 on Wednesday. Sify Technologies has a twelve month low of $2.91 and a twelve month high of $17.85. The firm has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $10.80. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings results on Monday, January 12th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. The firm had revenue of $128.86 million for the quarter. As a group, research analysts forecast that Sify Technologies will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SIFY. Theleme Partners LLP acquired a new stake in Sify Technologies during the third quarter worth $13,627,000. Acadian Asset Management LLC lifted its holdings in shares of Sify Technologies by 75.4% during the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the period. Schroder Investment Management Group boosted its position in shares of Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after acquiring an additional 2,244 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Sify Technologies during the 3rd quarter valued at about $273,000. Finally, XTX Topco Ltd bought a new stake in Sify Technologies in the second quarter valued at about $50,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

About Sify Technologies

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.