Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Declines By 9.0%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 21,200 shares, a drop of 9.0% from the January 15th total of 23,300 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 350,300 shares, the days-to-cover ratio is currently 0.1 days.

HeartCore Enterprises Stock Performance

Shares of NASDAQ HTCR traded down $0.01 during midday trading on Monday, hitting $1.47. 50,209 shares of the stock traded hands, compared to its average volume of 206,743. The firm has a market capitalization of $30.77 million, a P/E ratio of 6.13 and a beta of 1.70. HeartCore Enterprises has a one year low of $0.53 and a one year high of $3.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a 50-day moving average of $1.61 and a two-hundred day moving average of $1.18.

Insider Buying and Selling

In related news, VP Keisuke Kuno sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $1.27, for a total transaction of $33,020.00. Following the transaction, the vice president now owns 75,785 shares in the company, valued at $96,246.95. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 64.20% of the stock is owned by corporate insiders.

Institutional Trading of HeartCore Enterprises

A number of hedge funds have recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in HeartCore Enterprises in the fourth quarter worth about $78,000. Citadel Advisors LLC bought a new position in shares of HeartCore Enterprises in the 4th quarter worth approximately $83,000. Finally, Renaissance Technologies LLC purchased a new position in shares of HeartCore Enterprises in the fourth quarter worth approximately $185,000. Hedge funds and other institutional investors own 1.71% of the company’s stock.

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.