Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 333,800 shares, a decline of 90.2% from the June 30th total of 3,420,000 shares. Based on an average daily volume of 605,600 shares, the days-to-cover ratio is currently 0.6 days.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Sify Technologies in a research note on Wednesday. They set a “hold” rating on the stock.
Read Our Latest Research Report on SIFY
Sify Technologies Price Performance
Sify Technologies Company Profile
Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.
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