Short Interest in SCWorx Corp. (NASDAQ:WORX) Decreases By 56.7%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 82,271 shares, a decrease of 56.7% from the December 31st total of 190,168 shares. Based on an average trading volume of 441,470 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 441,470 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 SEC filing. Hedge funds and other institutional investors own 1.88% of the company’s stock.

SCWorx Trading Down 1.9%

WORX opened at $0.20 on Friday. SCWorx has a 1-year low of $0.18 and a 1-year high of $1.59. The company has a market cap of $3.13 million, a price-to-earnings ratio of -0.21 and a beta of 2.03. The company’s fifty day moving average price is $0.21 and its two-hundred day moving average price is $0.28.

SCWorx (NASDAQ:WORX) last posted its earnings results on Wednesday, November 12th. The company reported ($0.15) earnings per share for the quarter. SCWorx had a negative net margin of 139.68% and a negative return on equity of 70.82%. The company had revenue of $0.71 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus 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.