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

by · The Cerbat Gem

Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 632,800 shares, an increase of 2,343.2% from the October 15th total of 25,900 shares. Based on an average trading volume of 3,070,000 shares, the short-interest ratio is currently 0.2 days. Approximately 21.0% of the company’s shares are short sold.

Healthcare Triangle Stock Down 1.6 %

HCTI traded down $0.02 on Tuesday, hitting $1.23. The company had a trading volume of 85,212 shares, compared to its average volume of 1,110,060. The company has a market cap of $6.97 million, a PE ratio of -0.52 and a beta of 0.48. Healthcare Triangle has a 12-month low of $0.29 and a 12-month high of $4.87. The business’s fifty day simple moving average is $0.66 and its 200 day simple moving average is $0.68.

Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $2.98 million during the quarter. Healthcare Triangle had a negative return on equity of 773.20% and a negative net margin of 48.54%.

About Healthcare Triangle

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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.

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