Short Interest in Streamline Health Solutions, Inc. (NASDAQ:STRM) Declines By 31.8%

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 39,700 shares, a decline of 31.8% from the March 31st total of 58,200 shares. Based on an average daily trading volume, of 89,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nicholas Hoffman & Company LLC. grew its stake in Streamline Health Solutions by 10.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after purchasing an additional 72,993 shares in the last quarter. Perkins Capital Management Inc. grew its stake in Streamline Health Solutions by 33.7% during the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after purchasing an additional 504,000 shares in the last quarter. Austin Wealth Management LLC acquired a new position in Streamline Health Solutions during the 3rd quarter worth $453,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Streamline Health Solutions during the 1st quarter worth about $59,000. Finally, Cerity Partners LLC acquired a new position in shares of Streamline Health Solutions during the 4th quarter worth about $128,000. 31.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Streamline Health Solutions in a research note on Wednesday. They issued a “sell” rating for the company.

Streamline Health Solutions Price Performance

STRM traded down $0.02 on Friday, hitting $0.32. 47,994 shares of the company were exchanged, compared to its average volume of 49,328. Streamline Health Solutions has a twelve month low of $0.21 and a twelve month high of $1.82. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.42.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.