Sify Technologies Limited (NASDAQ:SIFY) Sees Large Increase in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 384,100 shares, an increase of 325.4% from the August 31st total of 90,300 shares. Based on an average daily trading volume, of 4,660,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd raised its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Sify Technologies Stock Down 4.1 %

NASDAQ SIFY traded down $0.02 during trading on Friday, hitting $0.37. The stock had a trading volume of 402,788 shares, compared to its average volume of 1,789,967. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $0.40 and a 200 day simple moving average of $0.79. Sify Technologies has a one year low of $0.30 and a one year high of $2.05.

Sify Technologies’s stock is scheduled to reverse split on the morning of Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Sify Technologies in a report on Thursday. They set a “sell” rating on the stock.

About Sify Technologies

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.