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

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 767,059 shares, an increase of 59.4% from the September 15th total of 481,149 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,676,531 shares, the short-interest ratio is currently 0.1 days.

Healthcare Triangle Price Performance

Shares of HCTI stock traded down $0.02 during mid-day trading on Friday, hitting $0.40. 39,950 shares of the stock traded hands, compared to its average volume of 1,057,813. Healthcare Triangle has a twelve month low of $0.37 and a twelve month high of $188.40. The firm has a market cap of $5.93 million, a price-to-earnings ratio of -0.01 and a beta of 1.09. The company’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $1.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.60 and a current ratio of 0.60.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, topping analysts’ consensus estimates of ($3.43) by $1.87. The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $10.35 million. Healthcare Triangle had a negative return on equity of 125.45% and a negative net margin of 66.85%. As a group, equities research analysts expect that Healthcare Triangle will post -10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HCTI shares. Wall Street Zen raised shares of Healthcare Triangle to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Thursday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.

The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.