Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Decreases By 45.2%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 32,692 shares, a decrease of 45.2% from the June 15th total of 59,682 shares. Approximately 5.3% of the shares of the company are sold short. Based on an average daily trading volume, of 44,707 shares, the short-interest ratio is currently 0.7 days.

HeartCore Enterprises Price Performance

Shares of NASDAQ:HTCR opened at $2.90 on Wednesday. The firm has a market capitalization of $4.18 million, a price-to-earnings ratio of -1.27 and a beta of 1.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50 day simple moving average is $3.14 and its 200-day simple moving average is $4.34. HeartCore Enterprises has a 12 month low of $2.50 and a 12 month high of $33.40.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($1.46). The company had revenue of $1.25 million during the quarter, compared to analysts’ expectations of $5.50 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of HeartCore Enterprises during the 4th quarter worth $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in HeartCore Enterprises in the 4th quarter valued at about $30,000. Jane Street Group LLC grew its stake in HeartCore Enterprises by 85.7% in the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in HeartCore Enterprises by 306.7% during the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after acquiring an additional 33,807 shares in the last quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.

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.