Streamline Health Solutions Inc. (NASDAQ:STRM) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 40,600 shares, a growth of 49.3% from the May 30th total of 27,200 shares. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are short sold.
In related news, CEO David William Sides sold 79,522 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $1.75, for a total value of $139,163.50. Following the completion of the transaction, the chief executive officer now owns 225,000 shares of the company’s stock, valued at approximately $393,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.28% of the company’s stock.
A hedge fund recently raised its stake in Streamline Health Solutions stock. Alera Investment Advisors LLC grew its holdings in shares of Streamline Health Solutions Inc. (NASDAQ:STRM) by 2,084.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,750 shares of the company’s stock after purchasing an additional 99,000 shares during the period. Alera Investment Advisors LLC owned 0.50% of Streamline Health Solutions worth $109,000 as of its most recent SEC filing. 42.07% of the stock is owned by hedge funds and other institutional investors.
STRM stock traded down $0.06 during trading on Thursday, hitting $1.50. The stock had a trading volume of 7,862 shares, compared to its average volume of 20,334. The company has a 50 day moving average price of $1.56. Streamline Health Solutions has a 1-year low of $0.57 and a 1-year high of $2.09. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.47.
Streamline Health Solutions (NASDAQ:STRM) last announced its earnings results on Wednesday, June 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $5.36 million during the quarter. Streamline Health Solutions had a negative net margin of 23.23% and a negative return on equity of 20.57%.
About Streamline Health Solutions
Streamline Health Solutions, Inc provides health information technology solutions and services for hospitals and health systems in the United States and Canada. It provides software-based solutions and auditing services, which captures, aggregates, and translates structured and unstructured data to deliver predictive insights to its clients.
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