Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Significant Growth in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 95,200 shares, an increase of 325.0% from the February 29th total of 22,400 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.8% of the company’s stock are short sold.

Healthcare Triangle Trading Down 1.1 %

Shares of NASDAQ HCTI opened at $1.86 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50 day simple moving average of $2.21 and a 200 day simple moving average of $3.15. Healthcare Triangle has a 52 week low of $1.75 and a 52 week high of $10.89.

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. 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 enhance the digital transformation.