Short Interest in WORK Medical Technology Group LTD (NASDAQ:WOK) Increases By 600.3%

WORK Medical Technology Group LTD (NASDAQ:WOK) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 462,339 shares, a growth of 600.3% from the April 30th total of 66,020 shares. Based on an average daily trading volume, of 52,626,081 shares, the short-interest ratio is presently 0.0 days. Approximately 4,623.4% of the shares of the company are short sold.

WORK Medical Technology Group Price Performance

NASDAQ:WOK traded down $0.01 on Thursday, reaching $0.10. 51,322,757 shares of the company’s stock were exchanged, compared to its average volume of 15,617,442. WORK Medical Technology Group has a 52 week low of $0.09 and a 52 week high of $9,400.00. The stock has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $81.89.

Hedge Funds Weigh In On WORK Medical Technology Group

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC purchased a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 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 about 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 MarketBeat, the company 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.