Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Significant Increase in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,500 shares, a growth of 49.1% from the February 13th total of 21,800 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 26,100 shares, the short-interest ratio is presently 1.2 days.

Streamline Health Solutions Stock Performance

NASDAQ:STRM opened at $3.07 on Monday. Streamline Health Solutions has a twelve month low of $1.85 and a twelve month high of $9.75. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $13.12 million, a price-to-earnings ratio of -1.27 and a beta of 1.77. The firm’s fifty day simple moving average is $3.66 and its 200 day simple moving average is $3.49.

Streamline Health Solutions (NASDAQ:STRM) last issued its earnings results on Monday, December 16th. The company reported ($0.61) earnings per share (EPS) for the quarter. Streamline Health Solutions had a negative net margin of 50.51% and a negative return on equity of 56.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Streamline Health Solutions in a research note on Monday, March 10th. They set a “sell” rating for the company.

About Streamline Health Solutions

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.