Short Interest in SCWorx Corp. (NASDAQ:WORX) Increases By 194.0%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 583,100 shares, a growth of 194.0% from the August 15th total of 198,300 shares. Approximately 7.7% of the company’s shares are sold short. Based on an average daily trading volume, of 3,010,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,010,000 shares, the short-interest ratio is presently 0.2 days. Approximately 7.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of SCWorx to a “sell” rating in a research note on Saturday, June 14th.

SCWorx Stock Up 1.0%

NASDAQ:WORX opened at $0.31 on Friday. The company has a market cap of $2.47 million, a P/E ratio of -0.29 and a beta of 2.62. SCWorx has a fifty-two week low of $0.26 and a fifty-two week high of $3.31. The firm’s 50 day moving average is $0.35 and its two-hundred day moving average is $0.53.

SCWorx (NASDAQ:WORX) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.44) earnings per share for the quarter. SCWorx had a negative return on equity of 58.42% and a negative net margin of 105.74%.The company had revenue of $0.68 million for the quarter.

About SCWorx

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.