HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Down 79.7% in April
by Scott Moore · The Cerbat GemHeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 35,271 shares, a drop of 79.7% from the March 31st total of 173,779 shares. Currently, 6.5% of the company’s shares are short sold. Based on an average daily trading volume, of 65,749 shares, the short-interest ratio is presently 0.5 days.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of HeartCore Enterprises in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Read Our Latest Research Report on HTCR
HeartCore Enterprises Trading Up 3.8%
Shares of NASDAQ HTCR traded up $0.12 during midday trading on Friday, reaching $3.28. 28,798 shares of the stock were exchanged, compared to its average volume of 57,657. The company has a 50 day simple moving average of $4.42 and a 200 day simple moving average of $7.94. The stock has a market capitalization of $4.17 million, a P/E ratio of -0.27 and a beta of 2.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.58 and a current ratio of 1.58. HeartCore Enterprises has a twelve month low of $2.91 and a twelve month high of $33.40.
Institutional Trading of HeartCore Enterprises
Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in HeartCore Enterprises by 306.7% in the 3rd 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 during the last quarter. XTX Topco Ltd acquired a new stake in HeartCore Enterprises in the 4th quarter valued at approximately $28,000. Board of Trustees of The Leland Stanford Junior University acquired a new stake in HeartCore Enterprises in the 4th quarter valued at approximately $30,000. Finally, Jane Street Group LLC increased its holdings in HeartCore Enterprises by 85.7% in the 4th quarter. Jane Street Group LLC now owns 113,176 shares of the company’s stock valued at $35,000 after purchasing an additional 52,217 shares during the last quarter. Institutional investors and hedge funds own 1.71% of the company’s stock.
About HeartCore Enterprises
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.