Sify Technologies Limited (NASDAQ:SIFY) Sees Large Drop in Short Interest

Sify Technologies Limited (NASDAQ:SIFY) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 108,300 shares, a decrease of 29.3% from the October 31st total of 153,100 shares. Based on an average daily volume of 842,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd lifted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing. 0.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sify Technologies Stock Performance

Shares of NASDAQ:SIFY traded up $0.01 during midday trading on Friday, reaching $3.46. The company’s stock had a trading volume of 68,604 shares, compared to its average volume of 274,813. The business has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.34. Sify Technologies has a 1 year low of $1.82 and a 1 year high of $12.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

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.