Short Interest in Healthcare Triangle, Inc. (NASDAQ:HCTI) Drops By 77.9%

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 118,724 shares, a decline of 77.9% from the December 31st total of 536,611 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average trading volume of 1,160,522 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,160,522 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Healthcare Triangle

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HCTI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Healthcare Triangle from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Healthcare Triangle Stock Up 10.2%

HCTI stock traded up $0.03 during midday trading on Wednesday, hitting $0.30. The company’s stock had a trading volume of 6,613,773 shares, compared to its average volume of 18,157,471. The firm has a market capitalization of $1.77 million, a P/E ratio of 0.00 and a beta of 0.93. The firm has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $2.79. Healthcare Triangle has a 52-week low of $0.25 and a 52-week high of $218.12.

Healthcare Triangle (NASDAQ:HCTI) last issued its earnings results on Thursday, November 13th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.20). The company had revenue of $3.49 million for the quarter.

Healthcare Triangle Company Profile

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.