Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Significant Decline in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 20,700 shares, a decrease of 81.0% from the September 30th total of 109,100 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

STRM has been the topic of several analyst reports. Craig Hallum upgraded shares of Streamline Health Solutions to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com assumed coverage on Streamline Health Solutions in a report on Friday. They issued a “sell” rating on the stock.

Streamline Health Solutions Price Performance

Streamline Health Solutions stock traded down $0.08 during midday trading on Friday, reaching $1.92. The company’s stock had a trading volume of 22,061 shares, compared to its average volume of 15,711. The stock has a market cap of $119.10 million, a PE ratio of -6.25 and a beta of 1.60. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Streamline Health Solutions has a 52 week low of $1.92 and a 52 week high of $9.75. The business has a 50-day moving average price of $4.66 and a 200-day moving average price of $5.76.

Streamline Health Solutions (NASDAQ:STRM) last issued its quarterly earnings data on Wednesday, September 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.15). The company had revenue of $4.48 million during the quarter. Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 44.85%.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.