Sify Technologies Limited (NASDAQ:SIFY) Short Interest Up 16.7% in November

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 126,400 shares, a growth of 16.7% from the November 15th total of 108,300 shares. Based on an average daily trading volume, of 158,800 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its stake in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company's stock after buying 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 reporting period. Hedge funds and other institutional investors own 0.61% of the company's stock.

Analyst Ratings Changes

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

Sify Technologies Stock Up 4.5 %

Shares of Sify Technologies stock traded up $0.14 on Friday, hitting $3.22. The stock had a trading volume of 30,637 shares, compared to its average volume of 79,566. Sify Technologies has a twelve month low of $1.82 and a twelve month high of $12.30. The business's 50 day moving average is $3.27 and its two-hundred day moving average is $2.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

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.