Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Down 34.2% in August

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 347,970 shares, a decline of 34.2% from the August 15th total of 528,837 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 269,121 shares, the short-interest ratio is presently 1.3 days.

Healthcare Triangle Trading Up 2.9%

NASDAQ HCTI traded up $0.02 during trading on Thursday, hitting $0.71. The stock had a trading volume of 112,262 shares, compared to its average volume of 679,868. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $10.63 million, a PE ratio of -0.02 and a beta of 1.09. The firm has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.99. Healthcare Triangle has a twelve month low of $0.68 and a twelve month high of $223.20.

Healthcare Triangle (NASDAQ:HCTI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($1.56) EPS for the quarter, beating the consensus estimate of ($3.43) by $1.87. The business had revenue of $0.01 million during the quarter, compared to analyst estimates of $10.35 million. Healthcare Triangle had a negative net margin of 66.85% and a negative return on equity of 125.45%. As a group, equities research analysts forecast that Healthcare Triangle will post -10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on HCTI shares. Wall Street Zen upgraded Healthcare Triangle from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Healthcare Triangle in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Healthcare Triangle

Healthcare Triangle, Inc (NASDAQ: HCTI) is a specialized digital transformation and cloud consulting firm focused on the healthcare industry. The company delivers a range of professional and managed services that help healthcare organizations modernize their IT infrastructure, optimize data workflows and achieve regulatory compliance.

Its core offerings include cloud architecture design and implementation, enterprise data platform development, application modernization and managed IT operations.