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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

SCWorx Price Performance

SCWorx stock opened at $0.20 on Friday. The stock has a market cap of $3.19 million, a PE ratio of -0.21 and a beta of 2.03. The stock’s fifty day moving average is $0.21 and its two-hundred day moving average is $0.28. SCWorx has a 1-year low of $0.18 and a 1-year high of $1.71.

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

Institutional Trading of SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new stake in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx at the end of the most recent quarter. 1.88% of the stock is owned by institutional investors and hedge funds.

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.