SCWorx Corp. (NASDAQ:WORX) Short Interest Update

SCWorx Corp. (NASDAQ:WORX) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,297,574 shares, a decrease of 82.9% from the February 12th total of 7,594,213 shares. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 3,657,443 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,657,443 shares, the short-interest ratio is presently 0.4 days. Approximately 8.2% of the shares of the company are sold short.

SCWorx Stock Down 1.2%

SCWorx stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.13. 22,892,067 shares of the company were exchanged, compared to its average volume of 21,180,846. The firm’s 50-day simple moving average is $0.22 and its two-hundred day simple moving average is $0.26. SCWorx has a twelve month low of $0.11 and a twelve month high of $1.37.

Institutional Investors Weigh In On SCWorx

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 filing with the SEC. The firm acquired 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 and hedge funds own 1.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.