Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Large Decrease in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 107,100 shares, a decline of 28.4% from the June 30th total of 149,600 shares. Based on an average daily volume of 73,700 shares, the days-to-cover ratio is currently 1.5 days.

Streamline Health Solutions Stock Up 5.5 %

Shares of Streamline Health Solutions stock traded up $0.03 during trading hours on Friday, hitting $0.52. 26,061 shares of the company’s stock traded hands, compared to its average volume of 44,049. Streamline Health Solutions has a twelve month low of $0.21 and a twelve month high of $1.43. The company has a market cap of $32.13 million, a PE ratio of -1.62 and a beta of 1.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $0.46 and a 200-day simple moving average of $0.44.

Streamline Health Solutions (NASDAQ:STRM) last posted its quarterly earnings data on Tuesday, June 11th. The company reported ($0.05) earnings per share (EPS) for the quarter. Streamline Health Solutions had a negative return on equity of 35.69% and a negative net margin of 85.83%. The business had revenue of $4.33 million for the quarter.

Institutional Investors Weigh In On Streamline Health Solutions

Institutional investors have recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. bought a new position in shares of Streamline Health Solutions during the first quarter valued at approximately $59,000. Austin Wealth Management LLC lifted its stake in Streamline Health Solutions by 100.2% in the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after buying an additional 468,242 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Streamline Health Solutions by 10.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after acquiring an additional 72,993 shares during the period. Cerity Partners LLC bought a new position in shares of Streamline Health Solutions during the fourth quarter worth about $128,000. Finally, Perkins Capital Management Inc. increased its holdings in shares of Streamline Health Solutions by 33.7% in the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after acquiring an additional 504,000 shares during the period. 31.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Streamline Health Solutions in a research report on Sunday, July 21st. They issued a “sell” rating for the company.

About Streamline Health Solutions

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.