HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Update

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 276,886 shares, a decrease of 21.4% from the November 30th total of 352,267 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 185,351 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 185,351 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HTCR shares. Wall Street Zen upgraded HeartCore Enterprises to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HeartCore Enterprises in a research report on Monday. Finally, Zacks Research downgraded shares of HeartCore Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of HTCR remained flat at $0.34 during mid-day trading on Tuesday. The stock had a trading volume of 183,971 shares, compared to its average volume of 764,006. HeartCore Enterprises has a one year low of $0.22 and a one year high of $3.38. The company has a market cap of $8.64 million, a P/E ratio of -0.56 and a beta of 1.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.64.

HeartCore Enterprises (NASDAQ:HTCR) last issued its earnings results on Tuesday, November 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $2.99 million for the quarter, compared to analyst estimates of $6.90 million. HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 252.45%. On average, analysts predict that HeartCore Enterprises will post 0.39 earnings per share for the current year.

HeartCore Enterprises Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were paid a $0.13 dividend. The ex-dividend date was Monday, November 10th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HeartCore Enterprises stock. CreativeOne Wealth LLC increased its stake in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 330.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,743 shares of the company’s stock after buying an additional 141,843 shares during the quarter. CreativeOne Wealth LLC owned 0.84% of HeartCore Enterprises worth $139,000 at the end of the most recent reporting period. 1.71% of the stock is currently owned by institutional investors.

HeartCore Enterprises Company Profile

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.