SCWorx Corp. (NASDAQ:WORX) Short Interest Update

SCWorx Corp. (NASDAQ:WORX) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,538,176 shares, a growth of 95.6% from the February 26th total of 1,297,574 shares. Currently, 16.1% of the company’s stock are short sold. Based on an average daily trading volume, of 20,115,730 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new stake in SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx at the end of the most recent reporting period. Institutional investors own 1.88% of the company’s stock.

SCWorx Stock Up 1.5%

Shares of WORX opened at $0.13 on Thursday. The company has a market capitalization of $2.04 million, a price-to-earnings ratio of -0.14 and a beta of 2.01. SCWorx has a 52-week low of $0.11 and a 52-week high of $1.37. The stock has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.24.

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.