SCWorx Corp. (NASDAQ:WORX) Short Interest Update

SCWorx Corp. (NASDAQ:WORX) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 7,594,213 shares, a growth of 731.8% from the January 29th total of 912,995 shares. Currently, 48.2% of the shares of the stock are short sold. Based on an average trading volume of 32,088,104 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 32,088,104 shares, the days-to-cover ratio is currently 0.2 days. Currently, 48.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC purchased a new position in shares of SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 MarketBeat, the company currently has an average rating of “Sell”.

SCWorx Stock Performance

NASDAQ WORX traded down $0.01 during mid-day trading on Wednesday, reaching $0.32. 837,266 shares of the stock were exchanged, compared to its average volume of 18,220,102. The stock has a market capitalization of $5.02 million, a PE ratio of -0.33 and a beta of 2.15. SCWorx has a 1-year low of $0.16 and a 1-year high of $1.37. The business’s fifty day simple moving average is $0.22 and its 200 day simple moving average is $0.27.

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.