Sify Technologies Limited (NASDAQ:SIFY) Short Interest Down 21.6% in December

Sify Technologies Limited (NASDAQ:SIFY) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 68,600 shares, a decline of 21.6% from the December 15th total of 87,500 shares. Based on an average trading volume of 130,600 shares, the short-interest ratio is presently 0.5 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 Down 2.2 %

Sify Technologies stock traded down $0.07 during mid-day trading on Thursday, hitting $3.18. The company’s stock had a trading volume of 159,114 shares, compared to its average volume of 71,836. The stock’s fifty day moving average is $3.13 and its two-hundred day moving average is $2.81. Sify Technologies has a 1 year low of $1.82 and a 1 year high of $10.62.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.