SCWorx Corp. (NASDAQ:WORX) Shares Shorted: Short Interest Up 728.3% in October

SCWorx Corp. (NASDAQ:WORX) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 124,458 shares, an increase of 728.3% from the October 15th total of 15,025 shares. Based on an average daily trading volume, of 20,603,320 shares, the days-to-cover ratio is currently 0.0 days. Currently, 125.7% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

SCWorx Stock Up 0.8%

Shares of NASDAQ:WORX opened at $1.27 on Friday. SCWorx has a one year low of $1.07 and a one year high of $88.20. The company has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $12.75.

SCWorx Company Profile

SCWorx Corporation is a healthcare technology company that provides supply chain management solutions to hospitals, health systems and other healthcare organizations. Its platform is designed to help providers organize purchasing and product information, improve inventory visibility and streamline interactions with suppliers and vendors. The company’s solutions support functions such as item-master management, data cleansing and normalization, contract and supplier management, order management, inventory control and spending analysis.