Short Interest in SCWorx Corp. (NASDAQ:WORX) Decreases By 38.7%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 35,700 shares, a drop of 38.7% from the January 15th total of 58,200 shares. Based on an average daily trading volume, of 2,430,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SCWorx stock. Renaissance Technologies LLC bought a new stake in SCWorx Corp. (NASDAQ:WORX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.88% of the company’s stock.

SCWorx Price Performance

WORX stock opened at $1.25 on Friday. SCWorx has a 12 month low of $0.75 and a 12 month high of $4.44. The firm has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.41.

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.