Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Significant Growth in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 536,500 shares, an increase of 1,441.7% from the February 13th total of 34,800 shares. Currently, 14.1% of the company’s stock are short sold. Based on an average daily volume of 3,180,000 shares, the days-to-cover ratio is presently 0.2 days.

Healthcare Triangle Price Performance

Shares of HCTI stock traded up $0.09 during trading hours on Wednesday, reaching $0.41. The company had a trading volume of 30,817,784 shares, compared to its average volume of 4,995,883. The business has a fifty day simple moving average of $0.71 and a 200-day simple moving average of $0.74. Healthcare Triangle has a 12 month low of $0.29 and a 12 month high of $2.27. The company has a market cap of $3.43 million, a price-to-earnings ratio of -0.19 and a beta of 0.07.

Healthcare Triangle Company Profile

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.