Important Short Interest Filing: After Reaching Milestone, Is Sify Tech Limited Ads (NASDAQ:SIFY)’s Short Interest Revealing Something?

November 16, 2016 - By Adrian Mccoy   ·   0 Comments

Important Short Interest Filing: After Reaching Milestone, Is Sify Tech Limited Ads (NASDAQ:SIFY)’s Short Interest Revealing Something?

The stock of Sify Tech Limited Ads (NASDAQ:SIFY) registered an increase of 41.67% in short interest. SIFY’s total short interest was 8,500 shares in November as published by FINRA. Its up 41.67% from 6,000 shares, reported previously. With 41,300 shares average volume, it will take short sellers 0 days to cover their SIFY’s short positions. The stock decreased 2.23% or $0.022 on November 15, hitting $0.968. Sify Technologies Limited (ADR) (NASDAQ:SIFY) has declined 23.02% since April 14, 2016 and is downtrending. It has underperformed by 27.70% the S&P500.

Sify Technologies Limited is an integrated information and communications technology (ICT) solutions and services company. The company has a market cap of $171.86 million. The Company’s divisions are Telecom services, which includes domestic data, international data wholesale voice and network managed services; Data Centre services, which includes co-location services; Cloud and managed services, which includes information technology (IT) infra services, IT transformation services, remote and onsite infrastructure managed services and delivery platforms; Technology integration services, which includes data center build, network integration, information security, end-user computing, and collaborative tools and solutions, and Applications integration services, which includes application development and maintenance, application testing, mobility solutions, e-learning, portals, tools, process and automation. It has a 15.55 P/E ratio.

SIFY Company Profile

Sify Technologies Limited (Sify), incorporated on December 12, 1995, is an integrated information and communications technology (ICT) solutions and services company. The Firm offers end-to-end solutions with a range of products delivered over a common telecom data network infrastructure reaching approximately 1,300 cities and towns in India at March 31, 2016. The Company’s divisions are Telecom services, which includes domestic data, international data wholesale voice and network managed services; Data Centre services, which includes co-location services; Cloud and managed services, which includes information technology (IT) infra services, IT transformation services, remote and onsite infrastructure managed services and delivery platforms; Technology integration services, which includes data center build, network integration, information security, end-user computing, and collaborative tools and solutions, and Applications integration services, which includes application development and maintenance, application testing, mobility solutions, e-learning, portals, tools, process and automation.

More notable recent Sify Technologies Limited (ADR) (NASDAQ:SIFY) news were published by: Investorplace.com which released: “3 Diversified Telecommunication Services Stocks to Sell Now” on November 02, 2016, also Fool.com with their article: “Why Sify Technologies Shares Plunged” published on October 23, 2013, Nasdaq.com published: “Top 11 Indian ADRs For U.S. Investors” on October 05, 2015. More interesting news about Sify Technologies Limited (ADR) (NASDAQ:SIFY) were released by: Seekingalpha.com and their article: “Sify Technologies – Lack Of Focus Makes The Stock Avoidable” published on August 13, 2013 as well as Nasdaq.com‘s news article titled: “Asian ADRs Move Lower in Monday Trading” with publication date: November 14, 2016.

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By Adrian Mccoy


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