Streamline Health Solutions, Inc. (NASDAQ:STRM) Sees Large Drop in Short Interest

Streamline Health Solutions, Inc. (NASDAQ:STRM) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 39,700 shares, a drop of 31.8% from the March 31st total of 58,200 shares. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mesirow Financial Investment Management Inc. purchased a new stake in Streamline Health Solutions during the first quarter valued at approximately $59,000. Cerity Partners LLC acquired a new stake in Streamline Health Solutions in the 4th quarter worth approximately $128,000. Austin Wealth Management LLC purchased a new stake in Streamline Health Solutions during the 3rd quarter worth approximately $453,000. Nicholas Hoffman & Company LLC. increased its stake in Streamline Health Solutions by 10.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock valued at $315,000 after purchasing an additional 72,993 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Streamline Health Solutions by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock worth $1,633,000 after buying an additional 26,201 shares during the last quarter. Institutional investors own 31.74% of the company’s stock.

Streamline Health Solutions Stock Down 3.4 %

Streamline Health Solutions stock traded down $0.01 during trading hours on Monday, reaching $0.31. The stock had a trading volume of 98,319 shares, compared to its average volume of 88,156. Streamline Health Solutions has a 52 week low of $0.21 and a 52 week high of $1.75. The company has a market cap of $18.24 million, a price-to-earnings ratio of -0.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.61 and a quick ratio of 0.61. The business’s 50 day moving average price is $0.45 and its 200-day moving average price is $0.41.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Streamline Health Solutions in a report on Wednesday, April 24th. They issued a “sell” rating on the stock.

Streamline Health Solutions Company Profile

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. The company offers RevID, an automated revenue reconciliation software; eValuator, a coding analysis platform; data comparison engine; coding and clinical documentation improvement (CDI) solutions, including CDI, abstracting, and physician query; and financial management solutions, such as accounts receivable management, denials management, claims processing, spend management, and audit management.