SCWorx Corp. (NASDAQ:WORX) Short Interest Update

SCWorx Corp. (NASDAQ:WORX) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 245,500 shares, a drop of 24.9% from the April 30th total of 327,100 shares. Based on an average daily volume of 4,700,000 shares, the short-interest ratio is presently 0.1 days. Currently, 7.0% of the shares of the company are sold short.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Renaissance Technologies LLC purchased a new stake 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 purchased 20,590 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned 1.11% of SCWorx as of its most recent SEC filing. 1.88% of the stock is owned by institutional investors.

SCWorx Trading Down 3.0%

NASDAQ:WORX opened at $0.52 on Friday. SCWorx has a 12 month low of $0.39 and a 12 month high of $3.31. The firm’s 50 day moving average is $0.63 and its 200 day moving average is $1.18. The stock has a market capitalization of $1.87 million, a PE ratio of -0.59 and a beta of 2.27.

SCWorx (NASDAQ:WORX) last issued its earnings results on Thursday, May 15th. The company reported ($0.25) earnings per share (EPS) for the quarter. SCWorx had a negative net margin of 108.84% and a negative return on equity of 89.71%. The firm had revenue of $0.72 million during the quarter.

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.