Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 83,400 shares, a decrease of 13.5% from the February 28th total of 96,400 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 103,300 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Sify Technologies

Several hedge funds have recently modified their holdings of SIFY. XTX Topco Ltd purchased a new stake in Sify Technologies in the 4th quarter worth $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Sify Technologies in the fourth quarter worth about $124,000. Finally, CSS LLC IL purchased a new stake in shares of Sify Technologies in the fourth quarter worth about $135,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Sify Technologies Stock Down 5.4 %

SIFY opened at $4.40 on Friday. The stock has a market cap of $134.47 million, a price-to-earnings ratio of 110.00, a price-to-earnings-growth ratio of 26.80 and a beta of 1.29. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08. The firm’s fifty day moving average is $4.29 and its 200 day moving average is $3.47. Sify Technologies has a fifty-two week low of $1.82 and a fifty-two week high of $10.14.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. On average, sell-side analysts forecast that Sify Technologies will post 0.01 earnings per share for the current fiscal 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.