Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 68,600 shares, a drop of 21.6% from the December 15th total of 87,500 shares. Based on an average daily trading volume, of 130,600 shares, the short-interest ratio is presently 0.5 days.

Sify Technologies Stock Performance

Sify Technologies stock traded down $0.15 on Friday, hitting $3.03. 86,336 shares of the stock traded hands, compared to its average volume of 72,812. Sify Technologies has a 1 year low of $1.82 and a 1 year high of $10.14. The business’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $2.81.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative net margin of 0.08% and a negative return on equity of 0.40%. On average, equities analysts forecast that Sify Technologies will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sify Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd raised its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

About Sify Technologies

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.