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

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

Institutional Investors Weigh In On SCWorx

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, the company presently has a consensus rating of “Sell”.

SCWorx Stock Down 1.2%

Shares of SCWorx stock traded down $0.00 on Tuesday, hitting $0.13. The stock had a trading volume of 22,892,067 shares, compared to its average volume of 21,180,846. SCWorx has a 52-week low of $0.11 and a 52-week high of $1.37. The company’s 50 day moving average price is $0.22 and its 200 day moving average price is $0.26.

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.