HeartCore Enterprises, Inc. (NASDAQ:HTCR) Sees Significant Growth in Short Interest

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 26,900 shares, an increase of 81.8% from the March 15th total of 14,800 shares. Based on an average daily volume of 146,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are short sold.

HeartCore Enterprises Stock Performance

NASDAQ HTCR traded up $0.00 during trading on Friday, hitting $0.59. 27,694 shares of the company’s stock traded hands, compared to its average volume of 155,068. The stock has a market capitalization of $13.06 million, a price-to-earnings ratio of 2.47 and a beta of 1.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.88 and a current ratio of 1.88. The business has a 50 day moving average of $0.99 and a 200-day moving average of $1.25. HeartCore Enterprises has a 12-month low of $0.55 and a 12-month high of $3.38.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.21). HeartCore Enterprises had a net margin of 16.25% and a return on equity of 65.33%. The company had revenue of $3.44 million for the quarter, compared to the consensus estimate of $4.73 million. As a group, equities research analysts anticipate that HeartCore Enterprises will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HeartCore Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in HTCR. CreativeOne Wealth LLC bought a new stake in shares of HeartCore Enterprises in the 4th quarter valued at about $78,000. Citadel Advisors LLC bought a new stake in HeartCore Enterprises in the fourth quarter valued at approximately $83,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of HeartCore Enterprises during the fourth quarter valued at approximately $185,000. Institutional investors own 1.71% of the company’s stock.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.