Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 24.0% in December

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 536,611 shares, an increase of 24.0% from the December 15th total of 432,595 shares. Based on an average daily trading volume, of 657,547 shares, the short-interest ratio is currently 0.8 days. Currently, 9.3% of the shares of the company are short sold. Currently, 9.3% of the shares of the company are short sold. Based on an average daily trading volume, of 657,547 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded Healthcare Triangle from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Healthcare Triangle has a consensus rating of “Sell”.

Hedge Funds Weigh In On Healthcare Triangle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in shares of Healthcare Triangle in the 3rd quarter valued at about $26,000. Jane Street Group LLC acquired a new stake in Healthcare Triangle in the second quarter valued at approximately $33,000. Finally, XTX Topco Ltd acquired a new position in shares of Healthcare Triangle during the second quarter worth $69,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Stock Up 0.7%

NASDAQ HCTI traded up $0.00 during trading hours on Monday, hitting $0.45. 579,607 shares of the company were exchanged, compared to its average volume of 919,696. The stock has a 50-day moving average price of $1.62 and a 200 day moving average price of $3.06. The stock has a market cap of $2.66 million, a PE ratio of 0.00 and a beta of 0.93. Healthcare Triangle has a 52 week low of $0.43 and a 52 week high of $241.53.

Healthcare Triangle (NASDAQ:HCTI) last released its earnings results on Thursday, November 13th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.20). The business had revenue of $3.49 million during the quarter.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.