SCWorx Corp. (NASDAQ:WORX) Shares Shorted: Short Interest Up 66.8% in October

SCWorx Corp. (NASDAQ:WORX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 15,025 shares, an increase of 66.8% from the September 30th total of 9,008 shares. Based on an average trading volume of 971,192 shares, the days-to-cover ratio is currently 0.0 days. Currently, 15.2% of the shares of the stock are sold short.

SCWorx Stock Down 13.8%

NASDAQ:WORX opened at $1.38 on Tuesday. SCWorx has a 1 year low of $1.07 and a 1 year high of $118.19. The stock’s 50 day simple moving average is $3.54 and its two-hundred day simple moving average is $14.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SCWorx in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

SCWorx Company Profile

SCWorx Corporation is a healthcare technology company that provides supply chain management solutions to hospitals, health systems and other healthcare organizations. Its platform is designed to help providers organize purchasing and product information, improve inventory visibility and streamline interactions with suppliers and vendors.

The company’s solutions support functions such as item-master management, data cleansing and normalization, contract and supplier management, order management, inventory control and spending analysis.