Streamline Health Solutions, Inc. (NASDAQ:STRM) Short Interest Down 31.8% in April

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

Streamline Health Solutions Trading Down 3.4 %

NASDAQ:STRM traded down $0.01 during midday trading on Monday, reaching $0.31. 98,319 shares of the stock traded hands, compared to its average volume of 88,156. The stock has a market capitalization of $18.24 million, a P/E ratio of -0.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.61 and a current ratio of 0.61. The company has a fifty day moving average of $0.45 and a 200 day moving average of $0.41. Streamline Health Solutions has a 12 month low of $0.21 and a 12 month high of $1.75.

Hedge Funds Weigh In On Streamline Health Solutions

Several hedge funds and other institutional investors have recently modified their holdings of STRM. Perkins Capital Management Inc. grew its stake in shares of Streamline Health Solutions by 33.7% in the fourth quarter. Perkins Capital Management Inc. now owns 1,999,405 shares of the company’s stock worth $850,000 after purchasing an additional 504,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Streamline Health Solutions by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,688,305 shares of the company’s stock valued at $1,633,000 after buying an additional 26,201 shares during the period. Austin Wealth Management LLC raised its holdings in shares of Streamline Health Solutions by 100.2% during the fourth quarter. Austin Wealth Management LLC now owns 935,519 shares of the company’s stock valued at $402,000 after acquiring an additional 468,242 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Streamline Health Solutions by 10.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 740,983 shares of the company’s stock worth $315,000 after acquiring an additional 72,993 shares during the period. Finally, Cerity Partners LLC bought a new stake in Streamline Health Solutions in the fourth quarter valued at $128,000. 31.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About Streamline Health Solutions

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.