Streamline Health Solutions, Inc. (NASDAQ:STRM) Short Interest Update

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 119,000 shares, a growth of 234.3% from the August 31st total of 35,600 shares. Based on an average daily volume of 183,800 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Streamline Health Solutions stock. Austin Wealth Management LLC lifted its position in shares of Streamline Health Solutions, Inc. (NASDAQ:STRM) by 100.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,519 shares of the company’s stock after acquiring an additional 468,242 shares during the quarter. Austin Wealth Management LLC owned 1.59% of Streamline Health Solutions worth $402,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.74% of the company’s stock.

Streamline Health Solutions Price Performance

Shares of STRM traded up $0.01 during mid-day trading on Friday, hitting $0.24. The company’s stock had a trading volume of 1,428,549 shares, compared to its average volume of 177,527. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Streamline Health Solutions has a 1-year low of $0.14 and a 1-year high of $1.00. The firm has a market capitalization of $14.87 million, a P/E ratio of -0.72 and a beta of 1.62. The firm has a 50-day simple moving average of $0.43 and a 200 day simple moving average of $0.43.

Streamline Health Solutions’s stock is set to reverse split on Friday, October 4th. The 1-15 reverse split was announced on Thursday, September 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Streamline Health Solutions (NASDAQ:STRM) last issued its earnings results on Wednesday, September 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Streamline Health Solutions had a negative return on equity of 44.85% and a negative net margin of 92.72%. The company had revenue of $4.48 million for the quarter.

Wall Street Analyst Weigh In

STRM has been the subject of a number of analyst reports. StockNews.com started coverage on shares of Streamline Health Solutions in a research report on Monday. They set a “sell” rating for the company. Craig Hallum raised shares of Streamline Health Solutions to a “strong-buy” rating in a report on Thursday, September 5th.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.