Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

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

Sify Technologies Stock Performance

Shares of SIFY stock opened at $3.16 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Sify Technologies has a 12-month low of $1.82 and a 12-month high of $12.30. The business’s 50 day moving average is $3.28 and its two-hundred day moving average is $2.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd boosted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent disclosure with the SEC. The firm 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Sify Technologies

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.