Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 30.2% in March

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 698,600 shares, a growth of 30.2% from the February 28th total of 536,500 shares. Approximately 18.6% of the shares of the stock are sold short. Based on an average daily volume of 3,790,000 shares, the days-to-cover ratio is currently 0.2 days.

Healthcare Triangle Stock Up 15.8 %

Shares of NASDAQ HCTI traded up $0.05 during trading hours on Tuesday, reaching $0.35. 3,773,021 shares of the stock traded hands, compared to its average volume of 1,965,051. The company’s 50-day simple moving average is $0.52 and its two-hundred day simple moving average is $0.71. The company has a market capitalization of $2.88 million, a P/E ratio of -0.16 and a beta of 0.07. Healthcare Triangle has a 52-week low of $0.29 and a 52-week high of $2.25.

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.