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

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

WORK Medical Technology Group Price Performance

Shares of NASDAQ WOK opened at $0.09 on Friday. WORK Medical Technology Group has a twelve month low of $0.09 and a twelve month high of $9,400.00. The firm has a fifty day simple moving average of $1.17 and a 200 day simple moving average of $76.98.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WORK Medical Technology Group stock. Sabby Management LLC bought a new position in shares of WORK Medical Technology Group LTD (NASDAQ:WOK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up about 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th biggest position. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, WORK Medical Technology Group has a consensus rating of “Sell”.

About WORK Medical Technology Group

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.