Streamline Health Solutions Inc. (NASDAQ:STRM) Sees Significant Increase in Short Interest

Streamline Health Solutions Inc. (NASDAQ:STRM) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 40,600 shares, an increase of 49.3% from the May 30th total of 27,200 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is currently 1.5 days.

In related news, CEO David William Sides sold 51,095 shares of Streamline Health Solutions stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $1.77, for a total transaction of $90,438.15. Following the sale, the chief executive officer now directly owns 225,000 shares in the company, valued at $398,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.28% of the stock is owned by insiders.

An institutional investor recently raised its position in Streamline Health Solutions stock. Alera Investment Advisors LLC lifted its stake in shares of Streamline Health Solutions Inc. (NASDAQ:STRM) by 2,084.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,750 shares of the company’s stock after buying an additional 99,000 shares during the quarter. Alera Investment Advisors LLC owned about 0.50% of Streamline Health Solutions worth $109,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 42.07% of the company’s stock.

Shares of NASDAQ STRM traded down $0.07 during midday trading on Friday, reaching $1.46. 5,705 shares of the company traded hands, compared to its average volume of 42,416. Streamline Health Solutions has a 52 week low of $0.57 and a 52 week high of $2.09. The stock’s 50-day moving average is $1.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.47.

Streamline Health Solutions (NASDAQ:STRM) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Streamline Health Solutions had a negative net margin of 23.23% and a negative return on equity of 20.57%. The company had revenue of $5.36 million for the quarter.

Separately, ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc provides health information technology solutions and services for hospitals and health systems in the United States and Canada. It provides software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights to its clients.

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