Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 96,400 shares, a growth of 19.3% from the February 13th total of 80,800 shares. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.4% of the shares of the company are short sold.

Sify Technologies Stock Performance

SIFY opened at $4.73 on Wednesday. Sify Technologies has a 12-month low of $1.82 and a 12-month high of $10.14. The company has a market cap of $144.41 million, a price-to-earnings ratio of 118.13, a PEG ratio of 26.80 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average is $3.94 and its 200 day moving average is $3.35.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings data 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 0.69% and a negative return on equity of 2.85%. On average, equities research analysts predict that Sify Technologies will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SIFY. XTX Topco Ltd purchased a new stake in Sify Technologies in the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of Sify Technologies in the fourth quarter worth $124,000. Finally, CSS LLC IL bought a new stake in shares of Sify Technologies during the 4th quarter valued at $135,000. Institutional investors own 0.61% of the company’s stock.

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.