Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Increases By 197.5%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 350,832 shares, an increase of 197.5% from the February 12th total of 117,940 shares. Based on an average daily volume of 1,326,446 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.2% of the company’s stock are short sold. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 1,326,446 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On HeartCore Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of HeartCore Enterprises in the fourth quarter worth about $28,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of HeartCore Enterprises in the fourth quarter valued at approximately $30,000. Jane Street Group LLC lifted its stake in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after buying an additional 52,217 shares in the last quarter. Finally, Virtu Financial LLC grew its stake in HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after buying an additional 33,807 shares in the last quarter. Institutional investors own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

HeartCore Enterprises Stock Down 0.9%

Shares of NASDAQ:HTCR traded down $0.00 during mid-day trading on Wednesday, hitting $0.25. 133,532 shares of the company traded hands, compared to its average volume of 662,939. The stock has a 50-day moving average price of $0.28 and a two-hundred day moving average price of $0.57. HeartCore Enterprises has a 12-month low of $0.22 and a 12-month high of $1.67. The stock has a market cap of $6.40 million, a P/E ratio of -0.41 and a beta of 1.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.