Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Drops By 30.8%

Sify Technologies Limited (NASDAQ:SIFY) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 87,500 shares, a decrease of 30.8% from the November 30th total of 126,400 shares. Based on an average daily volume of 141,700 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

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

Sify Technologies Trading Down 0.9 %

Shares of SIFY opened at $3.16 on Friday. Sify Technologies has a fifty-two week low of $1.82 and a fifty-two week high of $11.64. The stock has a fifty day moving average of $3.24 and a two-hundred day moving average of $2.76. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The company has a market capitalization of $96.58 million, a PE ratio of 79.00, a price-to-earnings-growth ratio of 16.10 and a beta of 1.44.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd boosted its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.61% of the company’s stock.

About Sify Technologies

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.