Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Drops By 29.3%

Sify Technologies Limited (NASDAQ:SIFY) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 108,300 shares, a drop of 29.3% from the October 31st total of 153,100 shares. Based on an average daily volume of 842,700 shares, the short-interest ratio is presently 0.1 days.

Sify Technologies Trading Up 0.3 %

Shares of Sify Technologies stock traded up $0.01 on Friday, hitting $3.46. 68,604 shares of the company traded hands, compared to its average volume of 274,813. The stock’s 50 day moving average price is $3.02 and its 200-day moving average price is $3.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. Sify Technologies has a 52 week low of $1.82 and a 52 week high of $12.30.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sify Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.