HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Update
by Doug Wharley · The Cerbat GemHeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Free Report) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 174,760 shares, a drop of 50.2% from the February 26th total of 350,832 shares. Based on an average daily trading volume, of 224,555 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.6% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HeartCore Enterprises in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, HeartCore Enterprises currently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on HeartCore Enterprises
HeartCore Enterprises Price Performance
HeartCore Enterprises stock traded down $0.00 during mid-day trading on Thursday, hitting $0.24. The stock had a trading volume of 79,755 shares, compared to its average volume of 576,961. HeartCore Enterprises has a one year low of $0.22 and a one year high of $1.67. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.06 million, a P/E ratio of -0.39 and a beta of 1.96. The firm’s 50 day moving average is $0.26 and its 200 day moving average is $0.50.
Institutional Trading of HeartCore Enterprises
Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC raised its holdings in shares of HeartCore Enterprises by 85.7% during the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock worth $35,000 after acquiring an additional 52,217 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new stake in HeartCore Enterprises in the fourth quarter worth $30,000. XTX Topco Ltd bought a new stake in HeartCore Enterprises in the fourth quarter worth $28,000. Finally, Virtu Financial LLC raised its stake in HeartCore Enterprises by 306.7% during the third quarter. Virtu Financial LLC now owns 44,829 shares of the company’s stock valued at $36,000 after purchasing an additional 33,807 shares in the last quarter. Hedge funds and other institutional investors own 1.71% of the company’s stock.
HeartCore Enterprises Company Profile
HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. The company also operates a digital transformation business that offers customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.