Sify Technologies Limited (NASDAQ:SIFY) Short Interest Down 18.5% in January

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 55,000 shares, a drop of 18.5% from the January 15th total of 67,500 shares. Based on an average trading volume of 89,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CSS LLC IL bought a new stake in Sify Technologies in the fourth quarter valued at about $135,000. XTX Topco Ltd bought a new stake in Sify Technologies in the fourth quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in Sify Technologies in the fourth quarter valued at about $124,000. Institutional investors own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sify Technologies from a "sell" rating to a "hold" rating in a report on Monday, October 28th.

Sify Technologies Stock Performance

Shares of NASDAQ:SIFY traded up $0.36 on Wednesday, hitting $5.08. 228,435 shares of the company were exchanged, compared to its average volume of 116,250. The company's 50 day moving average price is $3.26 and its two-hundred day moving average price is $2.97. Sify Technologies has a one year low of $1.82 and a one year high of $10.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08.

Sify Technologies (NASDAQ:SIFY - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. As a group, sell-side analysts forecast that Sify Technologies will post 0.01 earnings per share for the current year.

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.