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

Key Points

• Short interest in Sify Technologies Limited has increased by 41.8% in July, totaling 138,000 shares, which represents approximately 0.8% of the company's total shares.
• Several hedge funds have changed their holdings in Sify, including a 75.4% increase in stake by Acadian Asset Management, which now owns 197,563 shares valued at $838,000.
• As of the latest trading session, Sify Technologies shares opened at $8.17, with a market cap of $591.10 million and a price-to-earnings ratio of 204.25.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 138,000 shares, anincreaseof41.8% from the July 15th total of 97,300 shares. Based on an average daily trading volume, of 87,900 shares, the short-interest ratio is currently 1.6 days. Approximately0.8% of the company's shares are sold short. Approximately0.8% of the company's shares are sold short. Based on an average daily trading volume, of 87,900 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Sify Technologies

Several institutional investors have recently modified their holdings of the business. Schroder Investment Management Group increased its stake in Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company's stock worth $194,000 after purchasing an additional 2,244 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Sify Technologies in the second quarter valued at approximately $50,000. Acadian Asset Management LLC increased its position in shares of Sify Technologies by 75.4% during the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company's stock worth $838,000 after acquiring an additional 84,958 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Sify Technologies during the first quarter worth $44,000. Finally, CSS LLC IL acquired a new stake in shares of Sify Technologies during the fourth quarter worth $135,000. Institutional investors own 0.61% of the company's stock.

Sify Technologies Trading Up 4.3%

SIFY stock traded up $0.3650 during midday trading on Monday, hitting $8.8450. 99,292 shares of the company's stock were exchanged, compared to its average volume of 89,958. Sify Technologies has a one year low of $1.97 and a one year high of $9.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96. The company has a market cap of $639.94 million, a PE ratio of 221.13 and a beta of 0.92. The stock's fifty day moving average price is $6.00 and its 200-day moving average price is $5.04.

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.