Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Significant Growth in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 79,200 shares, a growth of 142.2% from the February 29th total of 32,700 shares. Based on an average daily trading volume, of 106,800 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Streamline Health Solutions in a report on Saturday, March 23rd. They set a “sell” rating for the company.

Streamline Health Solutions Stock Performance

STRM traded up $0.00 on Thursday, reaching $0.47. The stock had a trading volume of 5,435 shares, compared to its average volume of 99,658. The business’s 50-day moving average price is $0.46 and its two-hundred day moving average price is $0.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43. Streamline Health Solutions has a 12-month low of $0.21 and a 12-month high of $1.90. The company has a market cap of $27.66 million, a P/E ratio of -1.37 and a beta of 1.18.

Hedge Funds Weigh In On Streamline Health Solutions

A number of large investors have recently bought and sold shares of STRM. Perkins Capital Management Inc. increased its position in shares of Streamline Health Solutions by 33.7% in the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock valued at $850,000 after buying an additional 504,000 shares in the last quarter. Vanguard Group Inc. raised its position in Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock worth $1,633,000 after acquiring an additional 26,201 shares during the period. Austin Wealth Management LLC lifted its holdings in Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after purchasing an additional 468,242 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in shares of Streamline Health Solutions by 10.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after purchasing an additional 72,993 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Streamline Health Solutions by 3.2% during the first quarter. BlackRock Inc. now owns 426,079 shares of the company’s stock worth $767,000 after purchasing an additional 13,297 shares in the last quarter. Institutional investors and hedge funds own 31.74% of the company’s stock.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.