Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Increases By 19.3%

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 96,400 shares, a growth of 19.3% from the February 13th total of 80,800 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 106,800 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Sify Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of SIFY. XTX Topco Ltd acquired a new stake in Sify Technologies during the fourth quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Sify Technologies during the 4th quarter worth $124,000. Finally, CSS LLC IL acquired a new stake in shares of Sify Technologies during the fourth quarter worth $135,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Sify Technologies Price Performance

SIFY stock opened at $4.52 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08. The stock’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.35. The firm has a market cap of $138.14 million, a P/E ratio of 113.00, a PEG ratio of 26.80 and a beta of 1.38. Sify Technologies has a 1 year low of $1.82 and a 1 year high of $10.14.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) EPS for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. On average, sell-side analysts expect that Sify Technologies will post 0.01 earnings per share for the current fiscal year.

About Sify Technologies

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.