Healthcare Triangle, Inc. (NASDAQ:HCTI) Shares Shorted: Short Interest Down 92.6% in October

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 18,750 shares, a decrease of 92.6% from the October 15th total of 252,895 shares. Based on an average trading volume of 20,047 shares, the short-interest ratio is currently 0.9 days. Approximately 2.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

HCTI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday, October 15th. Wall Street Zen raised shares of Healthcare Triangle to a “hold” rating in a research report on Saturday, October 10th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Healthcare Triangle Stock Down 0.2%

HCTI stock traded down $0.01 during trading on Tuesday, hitting $4.21. 18,480 shares of the company’s stock traded hands, compared to its average volume of 57,054. The firm has a market capitalization of $3.75 million, a P/E ratio of -0.13 and a beta of 1.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. Healthcare Triangle has a 1 year low of $3.51 and a 1 year high of $3,252.00. The business has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $57.60.

Healthcare Triangle (NASDAQ:HCTI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($31.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($68.60) by $37.40. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $10.35 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. Sell-side analysts anticipate that Healthcare Triangle will post -204.60 EPS for the current year.

About Healthcare Triangle

Healthcare Triangle, Inc. (NASDAQ:HCTI) provides information technology and digital transformation services for the healthcare and life sciences industries. The company helps organizations modernize their technology environments, manage data, and support secure, compliant operations. Its offerings include cloud services, data and analytics solutions, interoperability and application modernization, cybersecurity, managed services, and professional consulting. Healthcare Triangle also develops technology solutions intended to support electronic health record environments, clinical and business workflows, and the use of artificial intelligence and other advanced analytics in healthcare.