Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 55,000 shares, a drop of 18.5% from the January 15th total of 67,500 shares. Based on an average daily trading volume, of 89,300 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently bought a new stake in Sify Technologies stock. XTX Topco Ltd bought a new stake in Sify Technologies Limited (NASDAQ:SIFY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,041 shares of the technology company’s stock, valued at approximately $32,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sify Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Sify Technologies Stock Up 3.3 %

NASDAQ:SIFY opened at $4.39 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. Sify Technologies has a one year low of $1.82 and a one year high of $10.14. The company has a fifty day moving average price of $3.21 and a 200 day moving average price of $2.93.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. As a group, equities research analysts anticipate that Sify Technologies will post 0.01 EPS for the current year.

About Sify Technologies

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.