Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Rises By 104.8%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 67,682 shares, an increase of 104.8% from the May 14th total of 33,045 shares. Approximately 11.0% of the company’s stock are sold short. Based on an average daily volume of 215,653 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HeartCore Enterprises currently has an average rating of “Reduce”.

HeartCore Enterprises Stock Down 5.4%

NASDAQ HTCR traded down $0.19 during trading on Friday, hitting $3.32. 45,838 shares of the company traded hands, compared to its average volume of 136,033. HeartCore Enterprises has a 12 month low of $2.50 and a 12 month high of $33.40. The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $5.13. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.78 million, a P/E ratio of -1.45 and a beta of 1.60.

HeartCore Enterprises (NASDAQ:HTCR) last posted its earnings results on Friday, May 15th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($1.46). HeartCore Enterprises had a negative net margin of 67.96% and a negative return on equity of 115.26%. The company had revenue of $1.25 million for the quarter, compared to the consensus estimate of $5.50 million.

Hedge Funds Weigh In On HeartCore Enterprises

Several institutional investors have recently bought and sold shares of HTCR. Virtu Financial LLC raised its holdings in HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after buying an additional 33,807 shares in the last quarter. Jane Street Group LLC raised its holdings in HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after buying an additional 52,217 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new position in HeartCore Enterprises during the fourth quarter valued at about $30,000. Finally, XTX Topco Ltd bought a new position in HeartCore Enterprises during the fourth quarter valued at about $28,000. 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.