Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 68,600 shares, a decline of 21.6% from the December 15th total of 87,500 shares. Based on an average trading volume of 130,600 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On Sify Technologies
A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its holdings in Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company’s stock after purchasing an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. Institutional investors own 0.61% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Sify Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.
Sify Technologies Stock Down 2.2 %
Shares of SIFY traded down $0.07 during trading hours on Thursday, hitting $3.18. 159,114 shares of the stock were exchanged, compared to its average volume of 71,836. The stock’s 50-day moving average price is $3.13 and its two-hundred day moving average price is $2.81. Sify Technologies has a 12-month low of $1.82 and a 12-month high of $10.62.
Sify Technologies Company Profile
Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.
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