Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 168.6% in December

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 169,500 shares, an increase of 168.6% from the November 30th total of 63,100 shares. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.6% of the company’s stock are sold short.

Healthcare Triangle Price Performance

Shares of NASDAQ HCTI traded up $0.02 during mid-day trading on Thursday, hitting $0.76. The company had a trading volume of 30,975 shares, compared to its average volume of 1,003,377. Healthcare Triangle has a 1-year low of $0.29 and a 1-year high of $4.24. The company has a market capitalization of $4.28 million, a PE ratio of -0.35 and a beta of 0.21. The business’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $0.68.

Healthcare Triangle Company Profile

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.