Sify Technologies Limited (NASDAQ:SIFY) Short Interest Update

Sify Technologies Limited (NASDAQ:SIFYGet Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 90,300 shares, a decrease of 22.0% from the August 15th total of 115,800 shares. Based on an average daily trading volume, of 4,720,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Sify Technologies in a report on Tuesday, September 10th. They set a “sell” rating on the stock.

Read Our Latest Stock Report on Sify Technologies

Sify Technologies Trading Up 9.0 %

Shares of SIFY opened at $0.46 on Monday. Sify Technologies has a 52-week low of $0.30 and a 52-week high of $2.05. The stock’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its position in shares of Sify Technologies Limited (NASDAQ:SIFYFree Report) by 226.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. 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

(Get Free Report)

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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