HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Update

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 57,200 shares, an increase of 6.5% from the August 15th total of 53,700 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 55,300 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling at HeartCore Enterprises

In related news, CEO Sumitaka Yamamoto sold 17,868 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $1.57, for a total value of $28,052.76. Following the completion of the sale, the chief executive officer now directly owns 10,642,302 shares of the company’s stock, valued at $16,708,414.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 73,165 shares of company stock valued at $116,646 in the last three months. Corporate insiders own 63.10% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HeartCore Enterprises stock. Renaissance Technologies LLC increased its holdings in shares of HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 400.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,560 shares of the company’s stock after buying an additional 102,057 shares during the quarter. Renaissance Technologies LLC owned 0.61% of HeartCore Enterprises worth $182,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.03% of the company’s stock.

HeartCore Enterprises Stock Performance

HTCR traded down $0.05 during trading on Tuesday, reaching $0.98. 7,872 shares of the company were exchanged, compared to its average volume of 750,229. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.10. The stock has a market cap of $20.42 million, a P/E ratio of -8.00 and a beta of 1.51. HeartCore Enterprises has a 52 week low of $0.78 and a 52 week high of $3.43. The firm has a 50 day moving average of $1.25 and a 200 day moving average of $1.23.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). The firm had revenue of $5.10 million during the quarter, compared to analyst estimates of $3.20 million. HeartCore Enterprises had a negative return on equity of 25.75% and a negative net margin of 13.70%. On average, sell-side analysts forecast that HeartCore Enterprises will post 0.11 EPS for the current fiscal 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.