Short Interest in WORK Medical Technology Group LTD (NASDAQ:WOK) Expands By 262.8%

WORK Medical Technology Group LTD (NASDAQ:WOK) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 428,056 shares, an increase of 262.8% from the May 31st total of 117,997 shares. Based on an average trading volume of 156,294,998 shares, the short-interest ratio is presently 0.0 days.

WORK Medical Technology Group Stock Down 3.1%

Shares of WOK stock opened at $2.15 on Monday. WORK Medical Technology Group has a 52-week low of $1.78 and a 52-week high of $930,000.00. The company has a 50-day simple moving average of $73.26 and a two-hundred day simple moving average of $905.47.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 136,665 shares of WORK Medical Technology Group stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $3.87, for a total value of $528,893.55. Following the completion of the transaction, the insider directly owned 123,944 shares of the company’s stock, valued at approximately $479,663.28. This trade represents a 52.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders bought 960,133 shares of company stock worth $957,353 and sold 180,440 shares worth $984,223.

Institutional Trading of WORK Medical Technology Group

An institutional investor recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new stake in WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises approximately 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analyst Weigh In

A number of brokerages recently commented on WOK. Wall Street Zen raised WORK Medical Technology Group to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

WORK Medical Technology Group Company Profile

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.