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

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

Healthcare Triangle Price Performance

HCTI stock opened at $2.72 on Wednesday. Healthcare Triangle has a 12 month low of $2.46 and a 12 month high of $7,470.00. The firm’s 50-day moving average is $16.23 and its 200 day moving average is $97.67. The company has a market capitalization of $1.99 million, a PE ratio of 0.00 and a beta of 1.02.

Analyst Upgrades and Downgrades

HCTI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Healthcare Triangle from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCTI. 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 stake in Healthcare Triangle in the second quarter valued at approximately $33,000. Finally, XTX Topco Ltd acquired a new stake in Healthcare Triangle in the second quarter valued at approximately $69,000. Institutional investors own 0.33% of the company’s stock.

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.