Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Update

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 90,400 shares, a growth of 247.7% from the September 15th total of 26,000 shares. Based on an average daily trading volume, of 586,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.0% of the shares of the stock are sold short.

Healthcare Triangle Stock Performance

HCTI stock traded up $0.01 during midday trading on Friday, reaching $0.42. 32,787 shares of the company traded hands, compared to its average volume of 392,470. The firm has a market capitalization of $2.38 million, a price-to-earnings ratio of -0.17 and a beta of 0.86. The business has a 50 day moving average of $0.53 and a 200-day moving average of $0.81. Healthcare Triangle has a 52-week low of $0.29 and a 52-week high of $4.87.

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

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.