Sify Technologies Limited (NASDAQ:SIFY) Short Interest Down 13.5% in March

Posted by Caroline Horne on Apr 3rd, 2025

Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 83,400 shares, a decline of 13.5% from the February 28th total of 96,400 shares. Based on an average daily volume of 103,300 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Sify Technologies

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in Sify Technologies during the 4th quarter worth $32,000. SBI Securities Co. Ltd. acquired a new position in shares of Sify Technologies during the fourth quarter worth about $124,000. Finally, CSS LLC IL purchased a new position in Sify Technologies during the fourth quarter worth about $135,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Sify Technologies Price Performance

Shares of SIFY opened at $4.65 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08. Sify Technologies has a fifty-two week low of $1.82 and a fifty-two week high of $10.14. The firm has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $3.47. The company has a market capitalization of $142.11 million, a price-to-earnings ratio of 116.25, a price-to-earnings-growth ratio of 26.80 and a beta of 1.29.

Sify Technologies (NASDAQ:SIFY – Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. On average, equities research analysts anticipate that Sify Technologies will post 0.01 earnings per share for the current year.

Sify Technologies Company Profile

(Get Free Report)

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.