Short Interest in HeartCore Enterprises, Inc. (NASDAQ:HTCR) Increases By 240.3%

HeartCore Enterprises, Inc. (NASDAQ:HTCR) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 101,400 shares, an increase of 240.3% from the October 15th total of 29,800 shares. Based on an average daily volume of 170,200 shares, the short-interest ratio is currently 0.6 days. Approximately 2.0% of the shares of the company are short sold.

HeartCore Enterprises Stock Performance

NASDAQ:HTCR opened at $1.25 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day moving average is $0.90 and its 200-day moving average is $0.79. HeartCore Enterprises has a 52-week low of $0.45 and a 52-week high of $1.55. The company has a market cap of $26.07 million, a price-to-earnings ratio of -3.12 and a beta of 1.47.

HeartCore Enterprises (NASDAQ:HTCR) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $4.07 million during 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%. Equities research analysts anticipate that HeartCore Enterprises will post 0.25 earnings per share for the current year.

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.