Short Interest in Sify Technologies Limited (NASDAQ:SIFY) Increases By 16.7%

Sify Technologies Limited (NASDAQ:SIFY) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 126,400 shares, an increase of 16.7% from the November 15th total of 108,300 shares. Based on an average daily volume of 158,800 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sify Technologies from a “sell” rating to a “hold” rating in a report on Monday, October 28th.

Sify Technologies Trading Up 4.5 %

Shares of NASDAQ SIFY opened at $3.22 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. The firm’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $2.97. Sify Technologies has a 52-week low of $1.82 and a 52-week high of $12.30.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.