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

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

Institutional Investors Weigh In On Healthcare Triangle

Several institutional investors and hedge funds have recently bought and sold shares of HCTI. Private Advisor Group LLC acquired a new stake in shares of Healthcare Triangle during the 3rd quarter worth approximately $26,000. Jane Street Group LLC bought a new stake in shares of Healthcare Triangle during the 2nd quarter valued at approximately $33,000. Finally, XTX Topco Ltd bought a new position in Healthcare Triangle in the 2nd quarter valued at approximately $69,000. Institutional investors own 0.33% of the company’s stock.

Healthcare Triangle Stock Performance

Shares of HCTI stock opened at $1.76 on Monday. Healthcare Triangle has a 12-month low of $1.67 and a 12-month high of $1,299.78. The company has a market capitalization of $3.57 million, a PE ratio of -0.03 and a beta of 1.08. The firm has a 50 day moving average price of $2.20 and a two-hundred day moving average price of $9.91. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.

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

Analyst Upgrades and Downgrades

HCTI has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Healthcare Triangle in a report on Tuesday, April 21st. Wall Street Zen upgraded Healthcare Triangle from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Healthcare Triangle has a consensus 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.