Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Large Decline in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 107,100 shares, a decline of 28.4% from the June 30th total of 149,600 shares. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Perkins Capital Management Inc. increased its holdings in Streamline Health Solutions by 33.7% in the 4th quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after buying an additional 504,000 shares during the period. Austin Wealth Management LLC lifted its position in Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after purchasing an additional 468,242 shares during the period. Cerity Partners LLC purchased a new stake in Streamline Health Solutions in the fourth quarter valued at $128,000. Mesirow Financial Investment Management Inc. acquired a new stake in Streamline Health Solutions during the 1st quarter worth about $59,000. Finally, Nicholas Hoffman & Company LLC. grew its position 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 during the period. Institutional investors and hedge funds own 31.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Streamline Health Solutions in a report on Monday. They issued a “sell” rating on the stock.

Streamline Health Solutions Stock Down 3.5 %

Streamline Health Solutions stock traded down $0.02 during midday trading on Monday, reaching $0.50. The company’s stock had a trading volume of 20,551 shares, compared to its average volume of 81,966. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $31.02 million, a P/E ratio of -1.56 and a beta of 1.60. The stock’s 50-day simple moving average is $0.46 and its 200-day simple moving average is $0.44. Streamline Health Solutions has a 52-week low of $0.21 and a 52-week high of $1.35.

Streamline Health Solutions (NASDAQ:STRM) last posted its quarterly earnings data on Tuesday, June 11th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $4.33 million for the quarter. Streamline Health Solutions had a negative net margin of 85.83% and a negative return on equity of 35.69%.

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.