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

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 45,967 shares, a drop of 99.0% from the January 29th total of 4,558,327 shares. Based on an average daily volume of 173,067 shares, the short-interest ratio is presently 0.3 days. Currently, 6.1% of the company’s shares are short sold. Currently, 6.1% of the company’s shares are short sold. Based on an average daily volume of 173,067 shares, the short-interest ratio is presently 0.3 days.

Healthcare Triangle Trading Down 1.0%

Shares of NASDAQ:HCTI traded down $0.06 on Wednesday, reaching $5.81. The company had a trading volume of 3,705,461 shares, compared to its average volume of 236,867. The firm has a market capitalization of $4.42 million, a PE ratio of 0.00 and a beta of 0.91. Healthcare Triangle has a 52-week low of $5.24 and a 52-week high of $9,711.00. The firm’s 50 day simple moving average is $29.74 and its 200-day simple moving average is $109.97.

Analyst Ratings Changes

A number of research analysts have recently commented on HCTI shares. Wall Street Zen cut shares of Healthcare Triangle from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Healthcare Triangle has an average rating of “Sell”.

Institutional Trading of Healthcare Triangle

Several hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Healthcare Triangle in the 2nd quarter valued at about $69,000. Jane Street Group LLC purchased a new stake in Healthcare Triangle during the second quarter valued at approximately $33,000. Finally, Private Advisor Group LLC acquired a new stake in Healthcare Triangle in the third quarter valued at approximately $26,000. 0.33% of the stock is owned by hedge funds and other institutional investors.

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.