HeartCore Enterprises, Inc. (NASDAQ:HTCR) Sees Large Growth in Short Interest

HeartCore Enterprises, Inc. (NASDAQ:HTCR) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 57,200 shares, an increase of 6.5% from the August 15th total of 53,700 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 55,300 shares, the short-interest ratio is currently 1.0 days.

Insider Activity

In other HeartCore Enterprises news, CEO Sumitaka Yamamoto sold 17,868 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $1.57, for a total transaction of $28,052.76. Following the completion of the transaction, the chief executive officer now owns 10,642,302 shares of the company’s stock, valued at approximately $16,708,414.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 73,165 shares of company stock valued at $116,646. Insiders own 63.10% of the company’s stock.

Hedge Funds Weigh In On HeartCore Enterprises

An institutional investor recently raised its position in HeartCore Enterprises stock. Renaissance Technologies LLC raised its position in HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 400.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,560 shares of the company’s stock after purchasing an additional 102,057 shares during the quarter. Renaissance Technologies LLC owned 0.61% of HeartCore Enterprises worth $182,000 as of its most recent SEC filing. 1.03% of the stock is owned by institutional investors and hedge funds.

HeartCore Enterprises Price Performance

NASDAQ:HTCR traded down $0.05 on Tuesday, reaching $0.98. 7,872 shares of the company’s stock traded hands, compared to its average volume of 750,229. The firm has a market cap of $20.42 million, a PE ratio of -8.00 and a beta of 1.51. The stock has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.23. HeartCore Enterprises has a 12 month low of $0.78 and a 12 month high of $3.43. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.10.

HeartCore Enterprises (NASDAQ:HTCR) last released its earnings results on Monday, August 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.15). HeartCore Enterprises had a negative return on equity of 25.75% and a negative net margin of 13.70%. The business had revenue of $5.10 million during the quarter, compared to analysts’ expectations of $3.20 million. Equities research analysts forecast that HeartCore Enterprises will post 0.11 earnings per share for the current year.

HeartCore Enterprises Company Profile

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.