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HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Down 49.5% in January

kopsource ·  Jan 29, 2023 08:02

HeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Rating) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 21,800 shares, a drop of 49.5% from the December 31st total of 43,200 shares. Approximately 0.5% of the company's stock are sold short. Based on an average daily trading volume, of 701,300 shares, the days-to-cover ratio is currently 0.0 days.

HeartCore Enterprises Price Performance

NASDAQ:HTCR opened at $1.12 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.19. HeartCore Enterprises has a 52-week low of $0.78 and a 52-week high of $6.19. The stock has a 50-day simple moving average of $0.99 and a 200 day simple moving average of $1.54.

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HeartCore Enterprises (NASDAQ:HTCR – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.87 million for the quarter. HeartCore Enterprises had a negative return on equity of 88.52% and a negative net margin of 65.20%. As a group, sell-side analysts forecast that HeartCore Enterprises will post -0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HeartCore Enterprises stock. Citadel Advisors LLC purchased a new stake in HeartCore Enterprises, Inc. (NASDAQ:HTCR – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,339 shares of the company's stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.21% of HeartCore Enterprises as of its most recent SEC filing. 0.37% of the stock is owned by institutional investors.

About HeartCore Enterprises

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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.

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