SCWorx Corp. (NASDAQ:WORX) Sees Large Decline in Short Interest

SCWorx Corp. (NASDAQ:WORX) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 12,400 shares, a decline of 31.9% from the September 30th total of 18,200 shares. Based on an average daily trading volume, of 67,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the company’s stock are sold short.

SCWorx Price Performance

Shares of SCWorx stock opened at $1.23 on Monday. The firm has a market cap of $1.49 million, a price-to-earnings ratio of -1.29 and a beta of 2.44. SCWorx has a 52-week low of $0.97 and a 52-week high of $4.44. The stock has a 50-day simple moving average of $1.18 and a 200-day simple moving average of $1.58.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings results on Friday, October 11th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $0.74 million during the quarter.

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.