Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Update

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,558,327 shares, a growth of 3,739.4% from the January 15th total of 118,724 shares. Currently, 77.7% of the shares of the stock are short sold. Based on an average daily volume of 45,527,834 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 45,527,834 shares, the days-to-cover ratio is presently 0.1 days. Currently, 77.7% of the shares of the stock are short sold.

Institutional Trading of Healthcare Triangle

Several institutional investors and hedge funds have recently bought and sold shares of HCTI. Private Advisor Group LLC acquired a new stake in shares of Healthcare Triangle during the 3rd quarter valued at $26,000. Jane Street Group LLC acquired a new position in Healthcare Triangle in the 2nd quarter worth about $33,000. Finally, XTX Topco Ltd acquired a new stake in shares of Healthcare Triangle during the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Healthcare Triangle from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Healthcare Triangle Price Performance

Shares of HCTI traded down $0.72 during mid-day trading on Tuesday, hitting $8.28. The company’s stock had a trading volume of 280,641 shares, compared to its average volume of 331,973. Healthcare Triangle has a fifty-two week low of $7.77 and a fifty-two week high of $13,087.44. The stock has a market capitalization of $48.63 million, a price-to-earnings ratio of -0.08 and a beta of 0.91. The firm has a 50-day moving average price of $1.01 and a 200 day moving average price of $2.42.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($25.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($13.20) by ($12.00). The business had revenue of $3.49 million for the quarter.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.