SWK Holdings Corp. (NASDAQ:SWKH) Short Interest Down 30.8% in February

SWK Holdings Corp. (NASDAQ:SWKH) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 65,574 shares, a decline of 30.8% from the February 12th total of 94,809 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 9,116 shares, the short-interest ratio is currently 7.2 days. Based on an average daily volume of 9,116 shares, the short-interest ratio is currently 7.2 days. Currently, 0.5% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SWK in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

SWK Stock Performance

NASDAQ:SWKH traded up $0.36 during trading hours on Friday, reaching $17.17. 7,799 shares of the company’s stock were exchanged, compared to its average volume of 6,022. SWK has a 1-year low of $13.17 and a 1-year high of $20.49. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $207.76 million, a price-to-earnings ratio of 9.23 and a beta of 0.30. The company has a 50-day moving average of $17.12 and a 200 day moving average of $16.41.

Institutional Trading of SWK

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in SWK by 3.7% during the 1st quarter. Empowered Funds LLC now owns 53,809 shares of the company’s stock worth $936,000 after acquiring an additional 1,929 shares during the period. Raymond James Financial Inc. raised its stake in shares of SWK by 297.5% during the second quarter. Raymond James Financial Inc. now owns 74,657 shares of the company’s stock worth $1,100,000 after purchasing an additional 55,874 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SWK by 41.8% during the second quarter. Bank of America Corp DE now owns 5,595 shares of the company’s stock worth $82,000 after purchasing an additional 1,649 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of SWK by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 114,277 shares of the company’s stock worth $1,684,000 after purchasing an additional 3,263 shares during the period. Finally, Bailard Inc. purchased a new position in SWK in the 3rd quarter valued at $203,000. 99.27% of the stock is owned by hedge funds and other institutional investors.

About SWK

SWK Holdings Corporation, offers specialty finance and asset management services in the United States. It operates in two segments, Finance Receivables and Pharmaceutical Development. The Finance Receivables segment provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors. This segment also offers non-discretionary investment advisory services to institutional clients in separately managed accounts to invest in life science finance.