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

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 32,692 shares, a drop of 45.2% from the June 15th total of 59,682 shares. Currently, 5.3% of the shares of the company are short sold. Based on an average daily volume of 44,707 shares, the days-to-cover ratio is presently 0.7 days.

HeartCore Enterprises Stock Down 2.4%

HTCR stock opened at $2.90 on Wednesday. The company has a market cap of $4.18 million, a price-to-earnings ratio of -1.27 and a beta of 1.62. The company has a fifty day moving average price of $3.14 and a 200 day moving average price of $4.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17. HeartCore Enterprises has a 12 month low of $2.50 and a 12 month high of $33.40.

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

Hedge Funds Weigh In On HeartCore Enterprises

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, HeartCore Enterprises currently has a consensus rating of “Reduce”.

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.