Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Expands By 19.3%

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 96,400 shares, an increase of 19.3% from the February 13th total of 80,800 shares. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CSS LLC IL purchased a new stake in shares of Sify Technologies during the 4th quarter valued at about $135,000. SBI Securities Co. Ltd. acquired a new stake in Sify Technologies in the fourth quarter valued at approximately $124,000. Finally, XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Sify Technologies Trading Down 5.4 %

NASDAQ SIFY opened at $4.52 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08. Sify Technologies has a one year low of $1.82 and a one year high of $10.14. The company’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.35. The firm has a market capitalization of $138.14 million, a price-to-earnings ratio of 113.00, a PEG ratio of 26.80 and a beta of 1.38.

Sify Technologies (NASDAQ:SIFY) last posted its earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. On average, sell-side analysts predict that Sify Technologies will post 0.01 EPS for the current year.

About Sify Technologies

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.