Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 553,966 shares, an increase of 19.4% from the December 15th total of 463,809 shares. Based on an average daily trading volume, of 53,846 shares, the short-interest ratio is currently 10.3 days. Approximately 3.3% of the company’s shares are sold short. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 53,846 shares, the short-interest ratio is currently 10.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Sify Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Sify Technologies

Hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group boosted its holdings in shares of Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after acquiring an additional 2,244 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Sify Technologies during the 3rd quarter valued at $137,000. XTX Topco Ltd purchased a new stake in shares of Sify Technologies in the 2nd quarter worth $50,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Sify Technologies in the 3rd quarter worth $273,000. Finally, Acadian Asset Management LLC raised its stake in shares of Sify Technologies by 75.4% in the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after buying an additional 84,958 shares during the period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Sify Technologies Stock Performance

Shares of NASDAQ:SIFY traded down $0.05 during trading on Tuesday, reaching $14.22. 35,766 shares of the stock traded hands, compared to its average volume of 118,266. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55. The stock has a 50-day moving average of $12.03 and a two-hundred day moving average of $10.73. Sify Technologies has a 52-week low of $2.91 and a 52-week high of $17.85.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings data on Monday, January 12th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $128.86 million during the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. Equities research analysts forecast that Sify Technologies will post 0.01 EPS for the current fiscal year.

Sify Technologies Company Profile

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.