Healthcare Triangle, Inc. (NASDAQ:HCTI) Shares Shorted: Short Interest Up 59.4% in September

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 767,059 shares, a growth of 59.4% from the September 15th total of 481,149 shares. Based on an average trading volume of 7,676,531 shares, the short-interest ratio is currently 0.1 days. Approximately 5.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HCTI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Thursday. Wall Street Zen raised Healthcare Triangle to a “hold” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Healthcare Triangle Price Performance

HCTI stock opened at $0.40 on Friday. The firm has a 50 day moving average of $0.80 and a 200-day moving average of $1.65. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.11. Healthcare Triangle has a 12 month low of $0.37 and a 12 month high of $188.40. The firm has a market capitalization of $7.06 million, a P/E ratio of -0.01 and a beta of 1.09.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Thursday, August 13th. The company reported ($1.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.43) by $1.87. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $10.35 million. As a group, sell-side analysts predict that Healthcare Triangle will post -10.23 earnings per share for the current fiscal year.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ:HCTI) is a healthcare information technology company that helps healthcare providers and life sciences organizations modernize their technology infrastructure and use data more effectively. Its services support digital transformation, cloud adoption, data management, analytics, and the integration of clinical and administrative systems.

The company provides cloud and managed services, data and analytics solutions, artificial intelligence capabilities, cybersecurity support, and technology consulting.