Short Interest in Healthcare Triangle, Inc. (NASDAQ:HCTI) Rises By 325.0%

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 95,200 shares, an increase of 325.0% from the February 29th total of 22,400 shares. Based on an average daily trading volume, of 92,400 shares, the short-interest ratio is currently 1.0 days. Approximately 5.8% of the shares of the stock are short sold.

Healthcare Triangle Price Performance

Shares of NASDAQ:HCTI opened at $1.86 on Friday. The company has a market cap of $8.65 million, a price-to-earnings ratio of -0.63 and a beta of 1.01. Healthcare Triangle has a one year low of $1.75 and a one year high of $10.89. The firm has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $3.14. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.71 and a quick ratio of 0.71.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation.