Syra Health Corp. (NASDAQ:SYRA) Sees Large Decline in Short Interest

Syra Health Corp. (NASDAQ:SYRA) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 870,700 shares, a drop of 43.8% from the February 13th total of 1,550,000 shares. Currently, 8.9% of the company’s shares are sold short. Based on an average trading volume of 2,100,000 shares, the days-to-cover ratio is presently 0.4 days.

Syra Health Stock Down 0.3 %

Shares of Syra Health stock opened at $0.36 on Friday. The business’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.47. The firm has a market cap of $4.06 million, a PE ratio of -0.55 and a beta of 3.20. Syra Health has a 52 week low of $0.32 and a 52 week high of $2.27.

Syra Health (NASDAQ:SYRA) last announced its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $2.00 million for the quarter, compared to analysts’ expectations of $2.01 million. Syra Health had a negative return on equity of 131.94% and a negative net margin of 54.90%. As a group, equities analysts expect that Syra Health will post -0.53 earnings per share for the current year.

About Syra Health

Syra Health Corp., a healthcare services company, provides health education, population health management, behavioral and mental health, healthcare workforce, and digital health services in the United States. It offers health education services, including medical communications, patient education, and healthcare training; and population health management services, such as analytics as a service, epidemiology, and health equity analytics solutions.