SCWorx Corp. (NASDAQ:WORX) Short Interest Update

SCWorx Corp. (NASDAQ:WORX) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,538,176 shares, an increase of 95.6% from the February 26th total of 1,297,574 shares. Currently, 16.1% of the shares of the company are sold short. Based on an average trading volume of 20,115,730 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing. 1.88% of the stock is owned by hedge funds and other institutional investors.

SCWorx Price Performance

Shares of NASDAQ WORX opened at $0.13 on Friday. SCWorx has a one year low of $0.11 and a one year high of $1.37. The business’s fifty day moving average price is $0.21 and its 200-day moving average price is $0.24. The stock has a market capitalization of $2.10 million, a PE ratio of -0.14 and a beta of 2.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 data from MarketBeat.com, SCWorx currently 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.