HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Down 35.1% in March

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 14,800 shares, a decrease of 35.1% from the February 28th total of 22,800 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 305,900 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On HeartCore Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of HeartCore Enterprises in the fourth quarter valued at about $83,000. Renaissance Technologies LLC purchased a new stake in HeartCore Enterprises during the 4th quarter valued at about $185,000. Finally, CreativeOne Wealth LLC purchased a new stake in HeartCore Enterprises during the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 1.71% of the company’s stock.

HeartCore Enterprises Price Performance

HTCR stock traded down $0.11 during trading on Monday, hitting $0.75. The stock had a trading volume of 70,020 shares, compared to its average volume of 155,166. HeartCore Enterprises has a twelve month low of $0.55 and a twelve month high of $3.38. The company’s 50-day moving average price is $1.26 and its two-hundred day moving average price is $1.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $15.70 million, a P/E ratio of 3.13 and a beta of 1.75.

HeartCore Enterprises (NASDAQ:HTCR) last released its earnings results on Monday, March 31st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.21). HeartCore Enterprises had a net margin of 16.25% and a return on equity of 65.33%. As a group, research analysts predict that HeartCore Enterprises will post 0.39 EPS for the current fiscal year.

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.