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

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant decrease in short interest during the month of 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. Based on an average daily trading volume, of 557,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.9% of the company’s stock are sold short.

Healthcare Triangle Stock Up 6.8 %

Shares of Healthcare Triangle stock traded up $0.04 on Friday, reaching $0.58. The stock had a trading volume of 6,146,950 shares, compared to its average volume of 408,243. The stock has a market capitalization of $3.25 million, a P/E ratio of -0.21 and a beta of 0.86. The company has a 50 day moving average price of $0.52 and a 200 day moving average price of $0.71. Healthcare Triangle has a 1 year low of $0.29 and a 1 year high of $4.87.

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

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.