WORK Medical Technology Group LTD (NASDAQ:WOK) Short Interest Up 262.8% in June

WORK Medical Technology Group LTD (NASDAQ:WOK) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 428,056 shares, an increase of 262.8% from the May 31st total of 117,997 shares. Based on an average daily volume of 156,294,998 shares, the short-interest ratio is currently 0.0 days.

WORK Medical Technology Group Trading Down 0.9%

NASDAQ:WOK opened at $2.22 on Friday. The company’s 50 day moving average price is $73.26 and its 200-day moving average price is $1,262.37. WORK Medical Technology Group has a 52 week low of $1.78 and a 52 week high of $930,000.00.

Insider Transactions at WORK Medical Technology Group

In other news, major shareholder Financial Lp Hrt acquired 880,456 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $0.05 per share, for a total transaction of $44,022.80. Following the completion of the acquisition, the insider owned 1,271,912 shares in the company, valued at $63,595.60. This trade represents a 224.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 960,133 shares of company stock valued at $957,353 and sold 180,440 shares valued at $984,223.

Institutional Trading of WORK Medical Technology Group

An institutional investor recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC acquired a new position in WORK Medical Technology Group LTD (NASDAQ:WOK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up approximately 0.2% of Sabby Management LLC’s holdings, making the stock its 18th biggest position. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of WORK Medical Technology Group to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, WORK Medical Technology Group presently has an average rating of “Sell”.

WORK Medical Technology Group Company Profile

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.