Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Increase in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 68,100 shares, a growth of 616.8% from the July 15th total of 9,500 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 145,200 shares, the days-to-cover ratio is currently 0.5 days.

Healthcare Triangle Stock Performance

Healthcare Triangle stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.54. The company had a trading volume of 26,057 shares, compared to its average volume of 277,134. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $3.03 million, a price-to-earnings ratio of -0.21 and a beta of 0.87. The company’s fifty day moving average is $0.58 and its 200-day moving average is $1.29. Healthcare Triangle has a 12-month low of $0.43 and a 12-month high of $5.36.

Healthcare Triangle (NASDAQ:HCTI) last posted its earnings results on Monday, May 20th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $4.11 million for the quarter. Healthcare Triangle had a negative return on equity of 307.58% and a negative net margin of 39.76%.

About Healthcare Triangle

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.