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

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

Healthcare Triangle Stock Performance

NASDAQ: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’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.74. The firm has a market cap of $3.78 million, a price-to-earnings ratio of -0.21 and a beta of 0.07.

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.