Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Rises By 46.2%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 22,800 shares, an increase of 46.2% from the February 13th total of 15,600 shares. Based on an average trading volume of 325,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of HeartCore Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in HeartCore Enterprises in the 4th quarter valued at $185,000. CreativeOne Wealth LLC purchased a new position in HeartCore Enterprises during the fourth quarter valued at $78,000. Finally, Citadel Advisors LLC acquired a new stake in shares of HeartCore Enterprises in the fourth quarter valued at about $83,000. 1.71% of the stock is currently owned by hedge funds and other institutional investors.

HeartCore Enterprises Price Performance

Shares of HeartCore Enterprises stock opened at $1.00 on Tuesday. The firm has a market cap of $20.93 million, a PE ratio of 4.17 and a beta of 1.75. HeartCore Enterprises has a twelve month low of $0.55 and a twelve month high of $3.38. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $1.41 and a 200 day moving average price of $1.25.

About HeartCore Enterprises

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.