Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Rises By 104.8%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 67,682 shares, an increase of 104.8% from the May 14th total of 33,045 shares. Approximately 11.0% of the shares of the company are short sold. Based on an average trading volume of 215,653 shares, the short-interest ratio is currently 0.3 days.

HeartCore Enterprises Stock Down 5.4%

NASDAQ HTCR traded down $0.19 during mid-day trading on Friday, reaching $3.32. The stock had a trading volume of 45,838 shares, compared to its average volume of 136,315. HeartCore Enterprises has a 1 year low of $2.50 and a 1 year high of $33.40. The stock has a market cap of $4.78 million, a PE ratio of -1.45 and a beta of 1.60. The company has a fifty day moving average price of $3.22 and a 200 day moving average price of $5.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.17.

HeartCore Enterprises (NASDAQ:HTCR) last announced its quarterly earnings data 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). HeartCore Enterprises had a negative return on equity of 115.26% and a negative net margin of 67.96%.The firm had revenue of $1.25 million during the quarter, compared to analysts’ expectations of $5.50 million.

Institutional Investors Weigh In On HeartCore Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its stake in HeartCore Enterprises by 306.7% during the 3rd quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after buying an additional 33,807 shares during the last quarter. Jane Street Group LLC raised its stake in HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after buying an additional 52,217 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new stake in HeartCore Enterprises during the 4th quarter valued at $30,000. Finally, XTX Topco Ltd purchased a new stake in HeartCore Enterprises during the 4th quarter valued at $28,000. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded HeartCore Enterprises from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

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.