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

SCWorx Corp. (NASDAQ:WORX) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 12,700 shares, an increase of 67.1% from the March 15th total of 7,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is presently 0.0 days.

SCWorx Stock Performance

Shares of NASDAQ:WORX traded down $0.01 during mid-day trading on Friday, hitting $0.54. 100,578 shares of the company traded hands, compared to its average volume of 1,014,834. The firm has a market cap of $1.14 million, a P/E ratio of -0.71 and a beta of 3.32. SCWorx has a 52-week low of $0.51 and a 52-week high of $3.31. The firm’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $1.32.

SCWorx (NASDAQ:WORX) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.68 million during the quarter. SCWorx had a negative net margin of 108.84% and a negative return on equity of 89.71%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SCWorx stock. Renaissance Technologies LLC bought a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). 1.88% of the stock is owned by institutional investors and hedge funds.

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.