Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 96,400 shares, a growth of 19.3% from the February 13th total of 80,800 shares. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.4% of the shares of the stock are sold short.
Hedge Funds Weigh In On Sify Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CSS LLC IL bought a new position in Sify Technologies during the fourth quarter valued at approximately $135,000. XTX Topco Ltd bought a new position in Sify Technologies during the fourth quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Sify Technologies during the fourth quarter valued at approximately $124,000. 0.61% of the stock is owned by institutional investors.
Sify Technologies Price Performance
Shares of NASDAQ:SIFY traded down $0.13 during trading on Friday, hitting $4.36. 40,606 shares of the company's stock were exchanged, compared to its average volume of 280,553. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.95. Sify Technologies has a 52-week low of $1.82 and a 52-week high of $10.14. The business's 50-day simple moving average is $4.03 and its 200 day simple moving average is $3.38. The company has a market cap of $133.25 million, a price-to-earnings ratio of 109.00, a PEG ratio of 26.80 and a beta of 1.38.
Sify Technologies (NASDAQ:SIFY - Get Free Report) last released its earnings results 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, equities analysts predict that Sify Technologies will post 0.01 EPS for the current year.
About Sify Technologies
(
Get Free Report)
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.
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