SCWorx Corp. (NASDAQ:WORX) Sees Significant Decline in Short Interest

SCWorx Corp. (NASDAQ:WORX) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,297,574 shares, a decrease of 82.9% from the February 12th total of 7,594,213 shares. Currently, 8.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,657,443 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 3,657,443 shares, the short-interest ratio is currently 0.4 days. Currently, 8.2% of the company’s shares are sold short.

SCWorx Stock Performance

WORX stock opened at $0.13 on Wednesday. The stock’s 50 day simple moving average is $0.22 and its 200 day simple moving average is $0.26. The company has a market cap of $2.00 million, a P/E ratio of -0.13 and a beta of 2.01. SCWorx has a fifty-two week low of $0.11 and a fifty-two week high of $1.37.

Analyst Ratings Changes

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

Hedge Funds Weigh In On SCWorx

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

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.