Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Decreases By 90.2%

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 333,800 shares, a decrease of 90.2% from the June 30th total of 3,420,000 shares. Based on an average daily volume of 605,600 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Sify Technologies in a research report on Wednesday. They set a “hold” rating for the company.

Sify Technologies Stock Performance

NASDAQ:SIFY traded up $0.01 during trading hours on Thursday, reaching $0.43. The stock had a trading volume of 343,610 shares, compared to its average volume of 323,901. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The stock has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $1.12. Sify Technologies has a 12-month low of $0.30 and a 12-month high of $2.54.

About Sify Technologies

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.