Sify Technologies Limited (NASDAQ:SIFY) Sees Large Growth in Short Interest

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 384,100 shares, a growth of 325.4% from the August 31st total of 90,300 shares. Based on an average trading volume of 4,660,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,358 shares of the technology company's stock after acquiring an additional 38,413 shares during the quarter. XTX Topco Ltd's holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.61% of the company's stock.

Sify Technologies Price Performance

NASDAQ:SIFY remained flat at $0.38 during mid-day trading on Wednesday. 385,297 shares of the company were exchanged, compared to its average volume of 1,802,648. Sify Technologies has a 1-year low of $0.30 and a 1-year high of $2.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The business's 50 day moving average is $0.40 and its two-hundred day moving average is $0.80.

Shares of Sify Technologies are going to reverse split on Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Sify Technologies in a research note on Wednesday, September 18th. They set a "sell" rating on the stock.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.