Short Interest in Healthcare Triangle, Inc. (NASDAQ:HCTI) Increases By 1,454.5%

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 714,560 shares, a growth of 1,454.5% from the February 12th total of 45,967 shares. Based on an average trading volume of 1,849,221 shares, the short-interest ratio is presently 0.4 days. Approximately 97.5% of the company’s stock are sold short. Approximately 97.5% of the company’s stock are sold short. Based on an average trading volume of 1,849,221 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Healthcare Triangle

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on HCTI. 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 reissued a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Healthcare Triangle has an average rating of “Sell”.

Healthcare Triangle Stock Down 0.4%

Healthcare Triangle stock traded down $0.01 during midday trading on Tuesday, hitting $2.72. 124,026 shares of the stock were exchanged, compared to its average volume of 1,172,402. Healthcare Triangle has a 52-week low of $2.46 and a 52-week high of $7,470.00. The business’s 50-day moving average price is $16.23 and its 200-day moving average price is $97.67. The stock has a market capitalization of $1.99 million, a price-to-earnings ratio of 0.00 and a beta of 1.02.

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.