Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Drop in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 4,200 shares, a drop of 93.4% from the May 31st total of 64,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 504,400 shares, the days-to-cover ratio is currently 0.0 days.

Healthcare Triangle Price Performance

HCTI stock traded down $0.01 during midday trading on Friday, hitting $0.51. The company’s stock had a trading volume of 9,552 shares, compared to its average volume of 313,436. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.65. Healthcare Triangle has a 12 month low of $0.43 and a 12 month high of $10.89. The company has a 50 day moving average of $0.87 and a two-hundred day moving average of $1.82. The firm has a market capitalization of $2.87 million, a price-to-earnings ratio of -0.20 and a beta of 0.93.

Healthcare Triangle (NASDAQ:HCTI) last issued its earnings results on Monday, May 20th. The company reported ($0.42) earnings per share for the quarter. Healthcare Triangle had a negative return on equity of 307.58% and a negative net margin of 39.76%. The company had revenue of $4.11 million for the quarter.

About Healthcare Triangle

Healthcare Triangle, Inc, a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation.