Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Growth in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 698,600 shares, an increase of 30.2% from the February 28th total of 536,500 shares. Based on an average daily volume of 3,790,000 shares, the short-interest ratio is currently 0.2 days. Approximately 18.6% of the company’s stock are sold short.

Healthcare Triangle Price Performance

NASDAQ HCTI traded down $0.06 during trading on Wednesday, reaching $0.25. 1,169,894 shares of the company’s stock were exchanged, compared to its average volume of 1,971,852. The business has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.71. Healthcare Triangle has a fifty-two week low of $0.20 and a fifty-two week high of $2.25. The stock has a market capitalization of $2.08 million, a P/E ratio of -0.12 and a beta of 0.07.

Healthcare Triangle Company Profile

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.