Healthcare Triangle, Inc. (NASDAQ:HCTI) Sees Significant Decrease in Short Interest

Healthcare Triangle, Inc. (NASDAQ:HCTI) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, a decrease of 93.4% from the May 31st total of 64,100 shares. Based on an average trading volume of 504,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Healthcare Triangle Price Performance

Shares of Healthcare Triangle stock opened at $0.52 on Friday. Healthcare Triangle has a 1 year low of $0.43 and a 1 year high of $10.89. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.65. The firm’s 50-day moving average is $0.85 and its two-hundred day moving average is $1.80.

Healthcare Triangle (NASDAQ:HCTI) last released its quarterly earnings results on Monday, May 20th. The company reported ($0.42) earnings per share for the quarter. Healthcare Triangle had a negative net margin of 39.76% and a negative return on equity of 307.58%. The firm had revenue of $4.11 million during the quarter.

Healthcare Triangle Company Profile

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.