Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Drops By 14.6%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 53,300 shares, a decline of 14.6% from the June 30th total of 62,400 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.0% of the shares of the stock are short sold.

HeartCore Enterprises Trading Up 2.0 %

HTCR traded up $0.02 during trading on Monday, reaching $0.75. 1,924 shares of the company’s stock were exchanged, compared to its average volume of 40,971. HeartCore Enterprises has a one year low of $0.36 and a one year high of $1.48. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.65 million, a PE ratio of -2.14 and a beta of 1.51. The firm has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $0.76.

HeartCore Enterprises (NASDAQ:HTCR) last posted its earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.32). HeartCore Enterprises had a negative return on equity of 67.51% and a negative net margin of 40.78%. The business had revenue of $5.05 million for the quarter, compared to the consensus estimate of $5.10 million. As a group, equities research analysts forecast that HeartCore Enterprises will post 0.01 earnings per share for the current fiscal year.

HeartCore Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend is Monday, August 19th. HeartCore Enterprises’s payout ratio is -5.71%.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.