Streamline Health Solutions, Inc. (NASDAQ:STRM) Short Interest Down 81.0% in October

Streamline Health Solutions, Inc. (NASDAQ:STRM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 20,700 shares, a drop of 81.0% from the September 30th total of 109,100 shares. Based on an average trading volume of 37,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Craig Hallum raised shares of Streamline Health Solutions to a “strong-buy” rating in a report on Thursday, September 5th. StockNews.com assumed coverage on Streamline Health Solutions in a research note on Friday. They issued a “sell” rating on the stock.

Streamline Health Solutions Stock Performance

Shares of NASDAQ:STRM traded down $0.08 on Friday, hitting $1.92. The company had a trading volume of 22,061 shares, compared to its average volume of 15,711. The stock has a market cap of $119.10 million, a price-to-earnings ratio of -6.25 and a beta of 1.60. The stock has a 50 day moving average price of $4.66 and a 200 day moving average price of $5.76. Streamline Health Solutions has a 1-year low of $1.92 and a 1-year high of $9.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Streamline Health Solutions (NASDAQ:STRM) last announced its quarterly earnings results on Wednesday, September 11th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.15). The company had revenue of $4.48 million during the quarter. Streamline Health Solutions had a negative net margin of 92.72% and a negative return on equity of 44.85%.

About Streamline Health Solutions

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.