Short Interest in Streamline Health Solutions, Inc. (NASDAQ:STRM) Expands By 31.5%

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 25,900 shares, a growth of 31.5% from the November 30th total of 19,700 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 54,700 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Craig Hallum upgraded Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com started coverage on shares of Streamline Health Solutions in a research report on Saturday. They set a “sell” rating on the stock.

Streamline Health Solutions Price Performance

Shares of NASDAQ STRM traded up $0.05 during midday trading on Friday, reaching $3.68. The company’s stock had a trading volume of 23,520 shares, compared to its average volume of 20,254. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $15.72 million, a P/E ratio of -0.74 and a beta of 1.67. The business’s 50 day moving average price is $2.87 and its two-hundred day moving average price is $5.01. Streamline Health Solutions has a fifty-two week low of $1.85 and a fifty-two week high of $9.75.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings data on Monday, December 16th. The company reported ($0.61) earnings per share for the quarter. Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 44.85%.

Streamline Health Solutions Company Profile

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.