Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Large Drop in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 34,800 shares, a decrease of 24.5% from the January 31st total of 46,100 shares. Based on an average daily trading volume, of 2,950,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.2% of the shares of the stock are short sold.

Healthcare Triangle Price Performance

Shares of Healthcare Triangle stock traded down $0.03 during trading on Tuesday, hitting $0.35. The stock had a trading volume of 426,970 shares, compared to its average volume of 4,567,883. Healthcare Triangle has a fifty-two week low of $0.29 and a fifty-two week high of $2.27. The firm has a market cap of $2.21 million, a P/E ratio of -0.16 and a beta of -0.02. The business has a fifty day moving average of $0.76 and a two-hundred day moving average of $0.75.

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.