Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Drops By 14.6%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 53,300 shares, a decline of 14.6% from the June 30th total of 62,400 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 2.7 days.

HeartCore Enterprises Price Performance

Shares of HeartCore Enterprises stock traded up $0.02 on Monday, reaching $0.75. The company’s stock had a trading volume of 1,924 shares, compared to its average volume of 40,971. The company has a market capitalization of $15.65 million, a P/E ratio of -2.14 and a beta of 1.51. HeartCore Enterprises has a 52-week low of $0.36 and a 52-week high of $1.48. The stock has a 50-day moving average price of $0.73 and a 200-day moving average price of $0.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.25.

HeartCore Enterprises (NASDAQ:HTCR) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.32). The business had revenue of $5.05 million during the quarter, compared to analysts’ expectations of $5.10 million. HeartCore Enterprises had a negative net margin of 40.78% and a negative return on equity of 67.51%. Analysts expect that HeartCore Enterprises will post 0.01 EPS for the current year.

HeartCore Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 19th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 10.67%. The ex-dividend date of this dividend is Monday, August 19th. HeartCore Enterprises’s payout ratio is -5.71%.

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.