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

Syra Health Corp. (NASDAQ:SYRA) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 123,200 shares, a drop of 48.7% from the December 15th total of 240,100 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is currently 0.1 days.

Syra Health Stock Performance

Shares of SYRA stock traded down $0.04 during midday trading on Tuesday, hitting $0.48. 182,114 shares of the company were exchanged, compared to its average volume of 11,606,700. Syra Health has a 52 week low of $0.34 and a 52 week high of $8.37. The firm has a market capitalization of $4.69 million, a P/E ratio of -0.74 and a beta of 3.12. The firm’s 50 day moving average price is $0.42 and its two-hundred day moving average price is $0.72.

Syra Health (NASDAQ:SYRA) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.15. The firm had revenue of $2.25 million for the quarter, compared to analysts’ expectations of $1.99 million. Syra Health had a negative return on equity of 131.94% and a negative net margin of 54.90%. During the same quarter last year, the business earned ($0.08) EPS. Analysts expect that Syra Health will post -0.53 EPS for the current year.

Syra Health Company Profile

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.