Sify Technologies Limited (NASDAQ:SIFY) Sees Significant Growth in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 96,400 shares, a growth of 19.3% from the February 13th total of 80,800 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 106,800 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Sify Technologies

A number of large investors have recently added to or reduced their stakes in the company. CSS LLC IL acquired a new stake in Sify Technologies during the 4th quarter valued at $135,000. XTX Topco Ltd acquired a new position in Sify Technologies during the 4th quarter worth $32,000. Finally, SBI Securities Co. Ltd. acquired a new position in Sify Technologies during the 4th quarter worth $124,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Sify Technologies Trading Down 1.6 %

Shares of Sify Technologies stock traded down $0.08 during trading hours on Tuesday, hitting $4.78. The company’s stock had a trading volume of 56,003 shares, compared to its average volume of 279,013. The business has a fifty day moving average of $3.91 and a 200 day moving average of $3.33. The company has a market capitalization of $146.09 million, a PE ratio of 119.50, a P/E/G ratio of 26.80 and a beta of 1.38. Sify Technologies has a 1-year low of $1.82 and a 1-year high of $10.14. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. As a group, equities analysts forecast that Sify Technologies will post 0.01 EPS for the current year.

Sify Technologies Company Profile

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.