Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Down 71.3% in October

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 25,900 shares, a decrease of 71.3% from the September 30th total of 90,400 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 557,500 shares, the short-interest ratio is currently 0.0 days.

Healthcare Triangle Stock Performance

Shares of HCTI traded up $0.04 during trading hours on Friday, hitting $0.58. 6,594,277 shares of the company were exchanged, compared to its average volume of 247,241. The company has a market cap of $3.25 million, a PE ratio of -0.23 and a beta of 0.86. The firm’s 50 day moving average is $0.52 and its 200-day moving average is $0.69. Healthcare Triangle has a 52 week low of $0.29 and a 52 week high of $4.87.

Healthcare Triangle (NASDAQ:HCTI) last announced its earnings results on Monday, August 19th. The company reported ($0.28) earnings per share (EPS) for the quarter. Healthcare Triangle had a negative return on equity of 773.20% and a negative net margin of 48.54%. The company had revenue of $2.98 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.