Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 68,600 shares, a drop of 21.6% from the December 15th total of 87,500 shares. Based on an average daily volume of 130,600 shares, the days-to-cover ratio is currently 0.5 days.

Sify Technologies Trading Up 10.2 %

NASDAQ SIFY traded up $0.30 on Wednesday, hitting $3.25. 96,996 shares of the stock were exchanged, compared to its average volume of 60,996. The company’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $2.81. The company has a market capitalization of $99.33 million, a price-to-earnings ratio of 81.25, a P/E/G ratio of 16.10 and a beta of 1.48. Sify Technologies has a 52-week low of $1.82 and a 52-week high of $10.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd lifted its stake in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company’s stock after purchasing an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.