HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Update

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 22,800 shares, a growth of 46.2% from the February 13th total of 15,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 325,300 shares, the short-interest ratio is presently 0.1 days.

HeartCore Enterprises Stock Performance

Shares of NASDAQ:HTCR traded up $0.07 on Monday, reaching $1.00. The company’s stock had a trading volume of 81,200 shares, compared to its average volume of 154,377. HeartCore Enterprises has a 52-week low of $0.55 and a 52-week high of $3.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s 50-day moving average is $1.44 and its two-hundred day moving average is $1.25. The stock has a market capitalization of $20.93 million, a P/E ratio of 4.17 and a beta of 1.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of HeartCore Enterprises during the fourth quarter worth about $83,000. CreativeOne Wealth LLC acquired a new position in shares of HeartCore Enterprises during the fourth quarter worth about $78,000. Finally, Renaissance Technologies LLC acquired a new position in shares of HeartCore Enterprises during the fourth quarter worth about $185,000. 1.71% of the stock is currently owned by institutional investors and hedge funds.

About HeartCore Enterprises

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.