Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Rating) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 51,200 shares, a decrease of 46.2% from the October 15th total of 95,100 shares. Based on an average daily volume of 292,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company's stock are sold short.

Healthcare Triangle Stock Performance

Shares of HCTI stock traded down $0.03 during trading hours on Friday, reaching $0.16. 1,306,615 shares of the company's stock were exchanged, compared to its average volume of 263,074. The stock's 50 day moving average is $0.37 and its 200-day moving average is $0.64. Healthcare Triangle has a fifty-two week low of $0.14 and a fifty-two week high of $2.83.

Healthcare Triangle (NASDAQ:HCTI – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $11.59 million for the quarter. Healthcare Triangle had a negative return on equity of 66.13% and a negative net margin of 19.63%.

Wall Street Analyst Weigh In

Hedge Funds Weigh In On Healthcare Triangle

A hedge fund recently bought a new stake in Healthcare Triangle stock. Gladstone Institutional Advisory LLC bought a new stake in Healthcare Triangle, Inc. (NASDAQ:HCTI – Get Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 70,000 shares of the company's stock, valued at approximately $89,000. Gladstone Institutional Advisory LLC owned 0.20% of Healthcare Triangle at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.41% of the company's stock.

About Healthcare Triangle

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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. 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 enhance the digital transformation.

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