Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 333,800 shares, a decline of 90.2% from the June 30th total of 3,420,000 shares. Based on an average trading volume of 605,600 shares, the days-to-cover ratio is currently 0.6 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Sify Technologies in a research note on Wednesday. They set a “hold” rating on the stock.
Read Our Latest Analysis on Sify Technologies
Sify Technologies Price Performance
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.
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