Sify Technologies Limited (NASDAQ:SIFY) Short Interest Up 82.1% in March

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 75,200 shares, an increase of 82.1% from the March 15th total of 41,300 shares. Based on an average daily volume of 87,100 shares, the days-to-cover ratio is presently 0.9 days.

Sify Technologies Trading Down 3.1 %

Shares of SIFY stock traded down $0.04 during trading hours on Friday, hitting $1.24. The stock had a trading volume of 90,661 shares, compared to its average volume of 86,581. Sify Technologies has a twelve month low of $1.07 and a twelve month high of $3.37. The stock's 50 day moving average is $1.31 and its 200 day moving average is $1.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.10 and a quick ratio of 0.99.

Analyst Ratings Changes

Separately, TheStreet cut Sify Technologies from a "c-" rating to a "d+" rating in a research note on Friday, February 2nd.

Institutional Investors Weigh In On Sify Technologies

Several large investors have recently modified their holdings of SIFY. Qube Research & Technologies Ltd acquired a new stake in shares of Sify Technologies in the third quarter valued at approximately $32,000. Virtu Financial LLC acquired a new stake in shares of Sify Technologies in the fourth quarter valued at approximately $50,000. Bank of America Corp DE lifted its holdings in shares of Sify Technologies by 67.9% during the first quarter. Bank of America Corp DE now owns 24,995 shares of the technology company's stock worth $75,000 after purchasing an additional 10,108 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Sify Technologies by 342.1% during the fourth quarter. Renaissance Technologies LLC now owns 84,000 shares of the technology company's stock worth $97,000 after purchasing an additional 65,000 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Sify Technologies by 386.1% during the third quarter. Rhumbline Advisers now owns 112,179 shares of the technology company's stock worth $205,000 after purchasing an additional 89,103 shares during the period. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

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.