Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 83,400 shares, a drop of 13.5% from the February 28th total of 96,400 shares. Based on an average trading volume of 103,300 shares, the short-interest ratio is presently 0.8 days. Approximately 1.2% of the company's shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Sify Technologies during the fourth quarter worth approximately $124,000. CSS LLC IL acquired a new position in shares of Sify Technologies during the fourth quarter valued at about $135,000. Finally, XTX Topco Ltd bought a new stake in shares of Sify Technologies during the fourth quarter worth about $32,000. Institutional investors own 0.61% of the company's stock.

Sify Technologies Trading Up 0.5 %

Shares of Sify Technologies stock traded up $0.02 on Monday, hitting $4.03. 48,329 shares of the company's stock traded hands, compared to its average volume of 281,579. The company has a fifty day moving average of $4.31 and a two-hundred day moving average of $3.50. Sify Technologies has a one year low of $1.82 and a one year high of $10.14. The company has a market capitalization of $123.16 million, a price-to-earnings ratio of 100.75, a price-to-earnings-growth ratio of 26.80 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.95.

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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 net margin of 0.69% and a negative return on equity of 2.85%. As a group, sell-side analysts expect 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.