Short Interest in SCWorx Corp. (NASDAQ:WORX) Drops By 79.3%

SCWorx Corp. (NASDAQ:WORX) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 526,621 shares, a decline of 79.3% from the March 15th total of 2,538,176 shares. Based on an average trading volume of 1,883,172 shares, the short-interest ratio is presently 0.3 days. Currently, 3.3% of the company’s shares are short sold.

SCWorx Price Performance

NASDAQ WORX opened at $1.53 on Friday. The company has a market cap of $24.48 million, a P/E ratio of -1.61 and a beta of 2.26. The stock has a 50-day moving average of $2.84 and a two-hundred day moving average of $3.44. SCWorx has a 1-year low of $1.45 and a 1-year high of $14.85.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $2.25 EPS for the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.The business had revenue of $0.77 million during the quarter.

Hedge Funds Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new position in shares of SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx as of its most recent filing with the Securities & Exchange Commission. 1.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WORX. Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. Wall Street Zen raised SCWorx to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.