Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 126,400 shares, an increase of 16.7% from the November 15th total of 108,300 shares. Based on an average daily volume of 158,800 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Sify Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

Sify Technologies Price Performance

Shares of SIFY stock opened at $3.22 on Friday. The firm has a fifty day simple moving average of $3.27 and a 200-day simple moving average of $2.97. Sify Technologies has a twelve month low of $1.82 and a twelve month high of $12.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,358 shares of the technology company’s stock after purchasing an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. Institutional investors own 0.61% of the company’s stock.

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.