SCWorx Corp. (NASDAQ:WORX) Sees Significant Growth in Short Interest

SCWorx Corp. (NASDAQ:WORX) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 15,025 shares, a growth of 66.8% from the September 30th total of 9,008 shares. Based on an average daily volume of 971,192 shares, the days-to-cover ratio is currently 0.0 days. Approximately 15.2% of the company’s stock are short sold.

SCWorx Stock Performance

Shares of WORX stock opened at $1.60 on Monday. The firm’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $14.24. SCWorx has a 1 year low of $1.07 and a 1 year high of $118.19. The firm has a market capitalization of $158,400.00, a P/E ratio of -0.06 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SCWorx in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SCWorx Company Profile

SCWorx Corporation is a healthcare technology company that provides supply chain management solutions to hospitals, health systems and other healthcare organizations. Its platform is designed to help providers organize purchasing and product information, improve inventory visibility and streamline interactions with suppliers and vendors.

The company’s solutions support functions such as item-master management, data cleansing and normalization, contract and supplier management, order management, inventory control and spending analysis.