SCWorx Corp. (NASDAQ:WORX) Short Interest Up 59.0% in May

SCWorx Corp. (NASDAQ:WORX) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 390,400 shares, a growth of 59.0% from the May 15th total of 245,500 shares. Based on an average trading volume of 4,870,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 11.1% of the shares of the company are short sold.

Institutional Investors Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Renaissance Technologies LLC purchased a new stake in SCWorx Corp. (NASDAQ:WORX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,590 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned 1.11% of SCWorx at the end of the most recent reporting period. Institutional investors and hedge funds own 1.88% of the company’s stock.

SCWorx Trading Down 7.0%

Shares of WORX stock opened at $0.46 on Monday. SCWorx has a 1 year low of $0.39 and a 1 year high of $3.31. The firm’s fifty day simple moving average is $0.58 and its 200 day simple moving average is $1.09. The firm has a market capitalization of $1.67 million, a P/E ratio of -0.53 and a beta of 2.37.

SCWorx (NASDAQ:WORX) last announced its earnings results on Thursday, May 15th. The company reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $0.72 million for the quarter. SCWorx had a negative return on equity of 89.71% and a negative net margin of 108.84%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of SCWorx to a “sell” rating in a research report on Saturday.

SCWorx Company Profile

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry.