Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Increases By 81.8%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 26,900 shares, a growth of 81.8% from the March 15th total of 14,800 shares. Based on an average daily trading volume, of 146,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of HeartCore Enterprises

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in shares of HeartCore Enterprises during the 4th quarter valued at about $185,000. CreativeOne Wealth LLC purchased a new stake in HeartCore Enterprises in the 4th quarter worth $78,000. Finally, Citadel Advisors LLC acquired a new stake in shares of HeartCore Enterprises in the fourth quarter worth approximately $83,000. 1.71% of the stock is currently owned by institutional investors and hedge funds.

HeartCore Enterprises Stock Performance

NASDAQ HTCR traded down $0.03 during trading hours on Wednesday, hitting $0.59. 32,270 shares of the company’s stock traded hands, compared to its average volume of 154,647. HeartCore Enterprises has a 52 week low of $0.55 and a 52 week high of $3.38. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $13.00 million, a P/E ratio of 2.45 and a beta of 1.97. The business’s fifty day moving average price is $1.02 and its two-hundred day moving average price is $1.26.

HeartCore Enterprises (NASDAQ:HTCR) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.21). The firm had revenue of $3.44 million during the quarter, compared to analysts’ expectations of $4.73 million. HeartCore Enterprises had a return on equity of 65.33% and a net margin of 16.25%. Equities research analysts predict that HeartCore Enterprises will post 0.39 EPS for the current year.

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.