Short Interest in SCWorx Corp. (NASDAQ:WORX) Expands By 1,009.7%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 912,995 shares, a growth of 1,009.7% from the January 15th total of 82,271 shares. Based on an average daily volume of 23,715,102 shares, the days-to-cover ratio is presently 0.0 days. Currently, 5.8% of the shares of the company are short sold. Currently, 5.8% of the shares of the company are short sold. Based on an average daily volume of 23,715,102 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new position in SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 quarter. Institutional investors own 1.88% of the company’s stock.

SCWorx Price Performance

WORX opened at $0.19 on Thursday. SCWorx has a 12 month low of $0.16 and a 12 month high of $1.45. The business has a 50-day moving average of $0.20 and a two-hundred day moving average of $0.27. The stock has a market capitalization of $2.94 million, a price-to-earnings ratio of -0.20 and a beta of 2.15.

SCWorx (NASDAQ:WORX) last released its earnings results on Wednesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $0.71 million during the quarter. SCWorx had a negative net margin of 139.68% and a negative return on equity of 70.82%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SCWorx in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus 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.