Short Interest in Streamline Health Solutions, Inc. (NASDAQ:STRM) Declines By 31.8%

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 39,700 shares, a decline of 31.8% from the March 31st total of 58,200 shares. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Perkins Capital Management Inc. lifted its holdings in Streamline Health Solutions by 33.7% in the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after purchasing an additional 504,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Streamline Health Solutions by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock worth $1,633,000 after purchasing an additional 26,201 shares in the last quarter. Austin Wealth Management LLC lifted its holdings in Streamline Health Solutions by 100.2% in the 4th quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock worth $402,000 after purchasing an additional 468,242 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in Streamline Health Solutions by 10.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after purchasing an additional 72,993 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Streamline Health Solutions in the 4th quarter worth approximately $128,000. 31.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Streamline Health Solutions in a research report on Wednesday. They issued a “sell” rating for the company.

Streamline Health Solutions Stock Performance

Shares of Streamline Health Solutions stock traded down $0.02 during trading hours on Friday, reaching $0.32. 47,994 shares of the stock traded hands, compared to its average volume of 49,328. The company has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.42. Streamline Health Solutions has a one year low of $0.21 and a one year high of $1.82. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.