SecureWorks Corp. (NASDAQ:SCWX) Short Interest Up 53.8% in December

SecureWorks Corp. (NASDAQ:SCWX) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 116,600 shares, an increase of 53.8% from the December 15th total of 75,800 shares. Based on an average daily volume of 288,500 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the company’s shares are sold short.

Institutional Trading of SecureWorks

Several institutional investors and hedge funds have recently bought and sold shares of SCWX. Squarepoint Ops LLC bought a new stake in SecureWorks in the second quarter worth approximately $121,000. FMR LLC raised its stake in SecureWorks by 22.3% during the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after purchasing an additional 3,964 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in SecureWorks by 107.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,180 shares of the technology company’s stock valued at $267,000 after purchasing an additional 19,735 shares during the period. Marshall Wace LLP grew its position in SecureWorks by 11.6% in the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after purchasing an additional 5,205 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Trading Up 0.1 %

SCWX stock traded up $0.01 during trading on Friday, hitting $8.45. The company had a trading volume of 137,001 shares, compared to its average volume of 197,518. SecureWorks has a fifty-two week low of $5.61 and a fifty-two week high of $9.76. The firm has a market capitalization of $750.61 million, a price-to-earnings ratio of -8.54 and a beta of 0.94. The business has a 50 day moving average of $8.43 and a 200 day moving average of $8.00.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SCWX. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research report on Tuesday, October 22nd. StockNews.com assumed coverage on shares of SecureWorks in a research report on Saturday, January 11th. They issued a “hold” rating for the company.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.