Short Interest Surge in Healthcare TriangleShort Interest Surge in Healthcare Triangle Healthcare Triangle, Inc. (NASDAQ: HCTI) saw a significant increase in short interest in June. As of June 30, short interest totaled 9,400 shares, a 123.8% increase from the 4,200 shares reported on June 15. This represents 0.3% of the company’s outstanding shares. Stock Performance and Financials HCTI opened at $0.48 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.53, and a current ratio of 0.53. It has a 1-year low of $0.43 and a 1-year high of $10.89. The 50-day moving average is $0.71, while the 200-day moving average is $1.64. In its fiscal quarter ending May 20, Healthcare Triangle reported a loss per share of $0.42 on revenue of $4.11 million. The company had a negative net margin of 39.76% and a negative return on equity of 307.58%. Company Profile Healthcare Triangle, Inc. provides cloud services, data science, and professional and managed services solutions in the electronic health record, healthcare, pharmaceutical, and life sciences industries. Its platform allows healthcare and pharmaceutical organizations to personalize healthcare, conduct precision medicine, and accelerate digital transformation. Analyst Coverage MarketBeat.com offers a free daily email newsletter that provides news and analyst ratings for Healthcare Triangle and related companies. Subscribers can receive concise summaries of the latest developments and insights.
Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Free Report) was the recipient of a large increase in short interest in June. As of June 30, there was a total short interest of 9,400 shares, up 123.8% from the total of 4,200 shares on June 15. Based on an average trading volume of 491,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the stock’s shares are shorted.
Healthcare Triangle Stock Performance
HCTI opened at $0.48 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.53 and a current ratio of 0.53. Healthcare Triangle has a 1-year low of $0.43 and a 1-year high of $10.89. The company has a 50-day moving average price of $0.71 and a 200-day moving average price of $1.64.
Healthcare Triangle (NASDAQ:HCTI – Get Free Report) last released its quarterly earnings results on Monday, May 20. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $4.11 million during the quarter. Healthcare Triangle had a negative net margin of 39.76% and a negative return on equity of 307.58%.
Healthcare Triangle Company Profile
(Get free report)
Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the cloud services, data science, and professional and managed services sectors for the electronic health record and healthcare and life sciences industries. It offers a suite of software, solutions, platforms and services that enable healthcare and pharmaceutical 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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