Short Interest in SWK Holdings Corp. (NASDAQ:SWKH) Drops By 30.8%

SWK Holdings Corp. (NASDAQ:SWKH) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 65,574 shares, a decline of 30.8% from the February 12th total of 94,809 shares. Based on an average daily volume of 9,116 shares, the short-interest ratio is currently 7.2 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 9,116 shares, the short-interest ratio is currently 7.2 days.

SWK Stock Up 2.1%

SWKH stock opened at $17.17 on Monday. The company has a market cap of $207.76 million, a price-to-earnings ratio of 9.23 and a beta of 0.30. The company has a fifty day moving average price of $17.12 and a 200 day moving average price of $16.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.68 and a quick ratio of 5.68. SWK has a 12 month low of $13.17 and a 12 month high of $20.49.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SWK in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SWK has an average rating of “Hold” and a consensus target price of $18.00.

Hedge Funds Weigh In On SWK

Institutional investors have recently added to or reduced their stakes in the stock. M3F Inc. raised its stake in SWK by 5.0% during the 3rd quarter. M3F Inc. now owns 733,155 shares of the company’s stock valued at $10,667,000 after acquiring an additional 34,727 shares during the last quarter. Credit Industriel ET Commercial purchased a new position in shares of SWK in the 4th quarter valued at approximately $2,150,000. Bridgeway Capital Management LLC increased its holdings in shares of SWK by 2.9% in the second quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock valued at $1,684,000 after purchasing an additional 3,263 shares during the period. Raymond James Financial Inc. raised its stake in shares of SWK by 5.3% during the third quarter. Raymond James Financial Inc. now owns 78,609 shares of the company’s stock worth $1,144,000 after purchasing an additional 3,952 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of SWK by 3.7% during the first quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after purchasing an additional 1,929 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

About SWK

SWK Holdings Corporation, offers specialty finance and asset management services in the United States. It operates in two segments, Finance Receivables and Pharmaceutical Development. The Finance Receivables segment provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.