Sify Technologies Limited (NASDAQ:SIFY) Sees Large Increase in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 126,400 shares, a growth of 16.7% from the November 15th total of 108,300 shares. Based on an average trading volume of 158,800 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sify Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Stock Performance

Shares of Sify Technologies stock opened at $3.16 on Tuesday. The firm has a fifty day moving average price of $3.28 and a 200 day moving average price of $2.88. Sify Technologies has a 1 year low of $1.82 and a 1 year high of $12.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

Sify Technologies Company Profile

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