HeartCore Enterprises, Inc. (NASDAQ:HTCR) Short Interest Up 127.5% in October

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 29,800 shares, an increase of 127.5% from the September 30th total of 13,100 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 153,400 shares, the short-interest ratio is currently 0.2 days.

HeartCore Enterprises Stock Performance

Shares of HTCR traded down $0.13 during mid-day trading on Friday, hitting $1.04. The company’s stock had a trading volume of 169,715 shares, compared to its average volume of 432,728. HeartCore Enterprises has a one year low of $0.36 and a one year high of $1.55. The stock’s 50-day moving average is $0.79 and its two-hundred day moving average is $0.77. The firm has a market capitalization of $21.69 million, a PE ratio of -2.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.72 and a current ratio of 0.72.

HeartCore Enterprises (NASDAQ:HTCR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $4.07 million for the quarter, compared to analyst estimates of $5.90 million. HeartCore Enterprises had a negative net margin of 49.30% and a negative return on equity of 104.23%. As a group, sell-side analysts anticipate that HeartCore Enterprises will post 0.25 EPS for the current year.

HeartCore Enterprises Company Profile

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.