Sify Technologies Sees Unusually High Options Volume (NASDAQ:SIFY)

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of unusually large options trading activity on Tuesday. Traders bought 4,929 call options on the stock. This represents an increase of approximately 5,839% compared to the typical volume of 83 call options.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its stake in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to its most recent filing with the SEC. The fund 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 quarter. 0.61% of the stock is owned by institutional investors.

Sify Technologies Stock Performance

Shares of NASDAQ SIFY opened at $0.66 on Wednesday. Sify Technologies has a 52-week low of $0.30 and a 52-week high of $2.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The company’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sify Technologies in a research note on Monday. They set a “hold” rating for the company.

Sify Technologies Company Profile

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.