iCoreConnect Inc. (NASDAQ:ICCT) Short Interest Up 168.0% in April

iCoreConnect Inc. (NASDAQ:ICCT) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 479,200 shares, an increase of 168.0% from the March 31st total of 178,800 shares. Approximately 5.8% of the company’s shares are short sold. Based on an average trading volume of 406,900 shares, the short-interest ratio is presently 1.2 days.

iCoreConnect Price Performance

ICCT stock opened at $1.08 on Friday. The stock has a 50-day moving average price of $1.31 and a two-hundred day moving average price of $1.46. iCoreConnect has a 12-month low of $0.12 and a 12-month high of $20.70.

Institutional Investors Weigh In On iCoreConnect

A number of institutional investors have recently added to or reduced their stakes in the company. Destiny Wealth Partners LLC boosted its position in shares of iCoreConnect by 45.6% in the fourth quarter. Destiny Wealth Partners LLC now owns 101,675 shares of the company’s stock worth $132,000 after buying an additional 31,825 shares during the period. Sapient Capital LLC purchased a new stake in shares of iCoreConnect in the fourth quarter worth about $39,000. Finally, Cowen AND Company LLC purchased a new stake in shares of iCoreConnect in the third quarter worth about $60,000. Hedge funds and other institutional investors own 13.42% of the company’s stock.

iCoreConnect Company Profile

iCoreConnect Inc, a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company's products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient's Prescription Drug Monitoring Program (PDMP) history before prescribing controlled substances; iCoreVerify and iCoreVerify+, a HIPAA compliant SaaS solution that automatically retrieves a patients insurance eligibility breakdown to verify their benefits in advance of their appointment and on-demand; iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; and iCoreCodeGenius, a medical coding reference SaaS solution.