Short Interest in SCWorx Corp. (NASDAQ:WORX) Drops By 55.9%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 16,900 shares, a decline of 55.9% from the February 13th total of 38,300 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 56,100 shares, the days-to-cover ratio is currently 0.3 days.

SCWorx Stock Performance

Shares of NASDAQ WORX opened at $0.78 on Friday. SCWorx has a fifty-two week low of $0.68 and a fifty-two week high of $4.44. The firm’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.40.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Renaissance Technologies LLC acquired a new stake in shares of SCWorx Corp. (NASDAQ:WORX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,590 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned approximately 1.11% of SCWorx as of its most recent SEC filing. 1.88% of the stock is currently owned by institutional investors.

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.