Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 41,300 shares, a decrease of 56.4% from the February 29th total of 94,800 shares. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Sify Technologies from a “c-” rating to a “d+” rating in a report on Friday, February 2nd.

Institutional Trading of Sify Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new stake in shares of Sify Technologies in the 3rd quarter worth $32,000. Virtu Financial LLC bought a new stake in Sify Technologies in the fourth quarter worth about $50,000. Bank of America Corp DE lifted its holdings in Sify Technologies by 67.9% in the 1st quarter. Bank of America Corp DE now owns 24,995 shares of the technology company’s stock valued at $75,000 after acquiring an additional 10,108 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Sify Technologies by 342.1% in the 4th quarter. Renaissance Technologies LLC now owns 84,000 shares of the technology company’s stock worth $97,000 after purchasing an additional 65,000 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Sify Technologies by 386.1% in the 3rd quarter. Rhumbline Advisers now owns 112,179 shares of the technology company’s stock worth $205,000 after purchasing an additional 89,103 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Trading Down 0.8 %

Shares of SIFY traded down $0.01 during trading hours on Thursday, reaching $1.26. 43,125 shares of the company’s stock traded hands, compared to its average volume of 90,207. The business’s fifty day simple moving average is $1.35 and its two-hundred day simple moving average is $1.58. Sify Technologies has a twelve month low of $1.07 and a twelve month high of $3.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.10 and a quick ratio of 0.99.

Sify Technologies Company Profile

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.