Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Expands By 18.7%

HeartCore Enterprises, Inc. (NASDAQ:HTCRGet Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 43,200 shares, an increase of 18.7% from the December 15th total of 36,400 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 671,800 shares, the days-to-cover ratio is presently 0.1 days.

HeartCore Enterprises Trading Down 3.8 %

Shares of HeartCore Enterprises stock opened at $1.14 on Friday. HeartCore Enterprises has a 1 year low of $0.78 and a 1 year high of $6.19. The firm’s 50-day moving average is $0.99 and its 200 day moving average is $1.61. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.19.

HeartCore Enterprises (NASDAQ:HTCRGet Rating) last issued its earnings results on Monday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. HeartCore Enterprises had a negative return on equity of 88.52% and a negative net margin of 65.20%. The firm had revenue of $1.87 million during the quarter. As a group, equities analysts anticipate that HeartCore Enterprises will post -0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HeartCore Enterprises

An institutional investor recently bought a new position in HeartCore Enterprises stock. Citadel Advisors LLC bought a new position in HeartCore Enterprises, Inc. (NASDAQ:HTCRGet Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 37,339 shares of the company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.21% of HeartCore Enterprises at the end of the most recent quarter. 0.37% of the stock is owned by institutional investors and hedge funds.

About HeartCore Enterprises

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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.

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