Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 68,600 shares, a drop of 21.6% from the December 15th total of 87,500 shares. Based on an average trading volume of 130,600 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

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

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its stake in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,358 shares of the technology company's stock after acquiring an additional 38,413 shares during the period. XTX Topco Ltd's holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Stock Performance

SIFY traded up $0.30 during trading hours on Wednesday, reaching $3.25. The company's stock had a trading volume of 106,946 shares, compared to its average volume of 62,159. The company's 50-day moving average is $3.14 and its 200-day moving average is $2.81. Sify Technologies has a 52 week low of $1.82 and a 52 week high of $10.92. The firm has a market cap of $99.33 million, a PE ratio of 81.25, a price-to-earnings-growth ratio of 16.10 and a beta of 1.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.

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.