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

SCWorx Corp. (NASDAQ:WORX) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 7,594,213 shares, an increase of 731.8% from the January 29th total of 912,995 shares. Approximately 48.2% of the shares of the company are short sold. Based on an average daily volume of 32,088,104 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 32,088,104 shares, the short-interest ratio is presently 0.2 days. Approximately 48.2% of the shares of the company are short sold.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned 1.55% of SCWorx as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

SCWorx Trading Down 2.2%

Shares of NASDAQ WORX opened at $0.32 on Thursday. The company has a 50 day simple moving average of $0.22 and a two-hundred day simple moving average of $0.27. The stock has a market cap of $5.02 million, a price-to-earnings ratio of -0.33 and a beta of 2.15. SCWorx has a 12 month low of $0.16 and a 12 month high of $1.37.

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. 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.