HeartCore Enterprises, Inc. (NASDAQ:HTCR) Sees Large Decrease in Short Interest

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 32,692 shares, a decline of 45.2% from the June 15th total of 59,682 shares. Based on an average trading volume of 44,707 shares, the short-interest ratio is presently 0.7 days. Currently, 5.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

HeartCore Enterprises Price Performance

Shares of HTCR stock traded down $0.19 during mid-day trading on Thursday, reaching $2.61. The company’s stock had a trading volume of 29,078 shares, compared to its average volume of 56,129. The firm’s 50-day moving average is $3.13 and its two-hundred day moving average is $4.31. The company has a market cap of $3.76 million, a P/E ratio of -1.14 and a beta of 1.62. HeartCore Enterprises has a 1-year low of $2.50 and a 1-year high of $33.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.17.

HeartCore Enterprises (NASDAQ:HTCR) last posted its earnings results on Friday, May 15th. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.46). The company had revenue of $1.25 million for the quarter, compared to analyst estimates of $5.50 million.

Hedge Funds Weigh In On HeartCore Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in HeartCore Enterprises in the 4th quarter valued at $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in HeartCore Enterprises during the fourth quarter worth $30,000. Jane Street Group LLC lifted its holdings in shares of HeartCore Enterprises by 85.7% during the fourth quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after acquiring an additional 52,217 shares during the period. Finally, Virtu Financial LLC boosted its stake in shares of HeartCore Enterprises by 306.7% in the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after purchasing an additional 33,807 shares in the last quarter. Institutional investors own 1.71% of the company’s stock.

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. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.