Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Increase in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 95,200 shares, an increase of 325.0% from the February 29th total of 22,400 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 92,400 shares, the days-to-cover ratio is currently 1.0 days.

Healthcare Triangle Trading Down 1.1 %

Shares of HCTI opened at $1.86 on Thursday. The company’s fifty day moving average is $2.21 and its two-hundred day moving average is $3.15. Healthcare Triangle has a fifty-two week low of $1.75 and a fifty-two week high of $10.89. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65.

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. 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 enhance the digital transformation.