Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 108,300 shares, a decline of 29.3% from the October 31st total of 153,100 shares. Based on an average trading volume of 842,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Sify Technologies Stock Performance

SIFY traded up $0.01 during midday trading on Friday, hitting $3.46. 68,604 shares of the company were exchanged, compared to its average volume of 89,245. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.31. Sify Technologies has a 1-year low of $1.82 and a 1-year high of $12.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd raised its position in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Sify Technologies Company Profile

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.