Short Interest in SCWorx Corp. (NASDAQ:WORX) Drops By 55.9%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 16,900 shares, a decrease of 55.9% from the February 13th total of 38,300 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is currently 0.3 days.

SCWorx Price Performance

WORX stock opened at $0.78 on Friday. SCWorx has a one year low of $0.68 and a one year high of $4.44. The company’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.40.

Hedge Funds Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Renaissance Technologies LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,590 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned approximately 1.11% of SCWorx as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.88% of the company’s stock.

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.