Short Interest in SCWorx Corp. (NASDAQ:WORX) Expands By 194.0%

SCWorx Corp. (NASDAQ:WORX) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 583,100 shares, an increase of 194.0% from the August 15th total of 198,300 shares. Approximately 7.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,010,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,010,000 shares, the short-interest ratio is presently 0.2 days. Approximately 7.7% of the shares of the company are sold short.

SCWorx Trading Up 1.0%

Shares of WORX stock opened at $0.31 on Friday. The business’s 50 day moving average is $0.35 and its two-hundred day moving average is $0.53. SCWorx has a twelve month low of $0.26 and a twelve month high of $3.31. The company has a market capitalization of $2.47 million, a P/E ratio of -0.29 and a beta of 2.62.

SCWorx (NASDAQ:WORX) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.44) earnings per share for the quarter. SCWorx had a negative net margin of 105.74% and a negative return on equity of 58.42%. The business had revenue of $0.68 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded SCWorx to a “sell” rating in a research note on Saturday, June 14th.

About SCWorx

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.