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

SCWorx Corp. (NASDAQ:WORX) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 226,775 shares, a decline of 65.9% from the November 30th total of 664,944 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 923,390 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 923,390 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new stake in SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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. Institutional investors and hedge funds own 1.88% of the company’s stock.

Analysts Set New Price Targets

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

SCWorx Stock Performance

WORX stock opened at $0.21 on Friday. The stock’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $0.33. The company has a market cap of $3.29 million, a P/E ratio of -0.22 and a beta of 1.92. SCWorx has a fifty-two week low of $0.19 and a fifty-two week high of $2.04.

SCWorx (NASDAQ:WORX) last announced 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 firm had revenue of $0.71 million during the quarter.

SCWorx Company Profile

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.