Sify Technologies Limited (NASDAQ:SIFY) Short Interest Down 90.2% in July

Sify Technologies Limited (NASDAQ:SIFY) 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.

Sify Technologies Price Performance

Shares of NASDAQ SIFY remained flat at $0.43 during midday trading on Friday. The stock had a trading volume of 166,923 shares, compared to its average volume of 676,162. Sify Technologies has a twelve month low of $0.30 and a twelve month high of $2.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The stock’s 50-day moving average price is $0.68 and its two-hundred day moving average price is $1.11.

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.