SCWorx Corp. (NASDAQ:WORX) Sees Large Drop in Short Interest

SCWorx Corp. (NASDAQ:WORX) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 82,271 shares, a decline of 56.7% from the December 31st total of 190,168 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 441,470 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 441,470 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SCWorx currently has an average rating of “Sell”.

SCWorx Trading Down 0.2%

NASDAQ WORX opened at $0.20 on Thursday. The company has a market cap of $3.16 million, a price-to-earnings ratio of -0.21 and a beta of 2.03. SCWorx has a 1-year low of $0.18 and a 1-year high of $1.71. The company has a 50 day moving average of $0.21 and a 200-day moving average of $0.28.

SCWorx (NASDAQ:WORX) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.15) EPS for the quarter. The company had revenue of $0.71 million for the quarter. SCWorx had a negative return on equity of 70.82% and a negative net margin of 139.68%.

Institutional Investors Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new stake in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.88% of the company’s stock.

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. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.