Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 231.2% in June

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 170,615 shares, a growth of 231.2% from the June 15th total of 51,512 shares. Approximately 8.4% of the company’s shares are sold short. Based on an average trading volume of 430,113 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Healthcare Triangle

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in shares of Healthcare Triangle during the 3rd quarter worth approximately $26,000. Jane Street Group LLC purchased a new position in shares of Healthcare Triangle in the 2nd quarter worth approximately $33,000. Finally, XTX Topco Ltd bought a new position in shares of Healthcare Triangle in the second quarter valued at approximately $69,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Price Performance

HCTI opened at $1.76 on Monday. Healthcare Triangle has a 1 year low of $1.67 and a 1 year high of $1,299.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.57 million, a price-to-earnings ratio of -0.03 and a beta of 1.08. The firm’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $9.91.

Healthcare Triangle (NASDAQ:HCTI) last announced its earnings results on Thursday, May 14th. The company reported ($6.81) EPS for the quarter, beating the consensus estimate of ($6.84) by $0.03. Healthcare Triangle had a negative net margin of 70.43% and a negative return on equity of 166.88%. The company had revenue of $9.86 million during the quarter, compared to the consensus estimate of $9.86 million. As a group, analysts anticipate that Healthcare Triangle will post -16.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Healthcare Triangle from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Healthcare Triangle currently has an average rating of “Sell”.

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.