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

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 95,200 shares, an increase of 325.0% from the February 29th total of 22,400 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 5.8% of the shares of the company are sold short.

Healthcare Triangle Stock Performance

Healthcare Triangle stock opened at $1.86 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.65. The business has a 50 day moving average price of $2.20 and a two-hundred day moving average price of $3.14. Healthcare Triangle has a 12 month low of $1.75 and a 12 month high of $10.89. The stock has a market cap of $8.65 million, a price-to-earnings ratio of -0.63 and a beta of 1.01.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation.