Healthcare Triangle, Inc. (NASDAQ:HCTI) Short Interest Up 1,441.7% in February

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 536,500 shares, an increase of 1,441.7% from the February 13th total of 34,800 shares. Approximately 14.1% of the shares of the stock are sold short. Based on an average trading volume of 3,180,000 shares, the days-to-cover ratio is presently 0.2 days.

Healthcare Triangle Stock Performance

HCTI opened at $0.46 on Friday. Healthcare Triangle has a 52-week low of $0.29 and a 52-week high of $2.27. The firm has a market cap of $3.78 million, a P/E ratio of -0.21 and a beta of 0.07. The business’s fifty day moving average is $0.69 and its 200-day moving average is $0.74.

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.