SCWorx Corp. (NASDAQ:WORX) Short Interest Up 182.9% in August

SCWorx Corp. (NASDAQ:WORX) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 198,300 shares, agrowthof182.9% from the July 31st total of 70,100 shares. Based on an average trading volume of 5,800,000 shares, the short-interest ratio is presently 0.0 days. Approximately2.6% of the shares of the company are short sold. Approximately2.6% of the shares of the company are short sold. Based on an average trading volume of 5,800,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded SCWorx to a “sell” rating in a research note on Saturday, June 14th.

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 shares of SCWorx Corp. (NASDAQ:WORX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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. Hedge funds and other institutional investors own 1.88% of the company’s stock.

SCWorx Stock Up 0.8%

Shares of WORX opened at $0.31 on Friday. The business’s 50-day moving average price is $0.37 and its 200-day moving average price is $0.57. SCWorx has a twelve month low of $0.26 and a twelve month high of $3.31. The stock has a market cap of $2.47 million, a PE ratio of -0.29 and a beta of 2.62.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.44) earnings per share for the quarter. SCWorx had a negative net margin of 105.74% and a negative return on equity of 58.42%. The company had revenue of $0.68 million for 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.