Short Interest in SCWorx Corp. (NASDAQ:WORX) Drops By 55.0%

SCWorx Corp. (NASDAQ:WORX) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,600 shares, a decline of 55.0% from the February 28th total of 16,900 shares. Based on an average daily volume of 42,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

SCWorx Price Performance

Shares of SCWorx stock opened at $0.77 on Friday. SCWorx has a 1 year low of $0.68 and a 1 year high of $4.44. The stock has a fifty day moving average price of $1.17 and a 200-day moving average price of $1.37.

Institutional Trading of SCWorx

An institutional investor recently bought a new position in SCWorx stock. Renaissance Technologies LLC bought a new stake in shares of SCWorx Corp. (NASDAQ:WORX) in the fourth quarter, according to its most recent Form 13F 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 as of its most recent SEC filing. 1.88% of the stock is owned by institutional investors and hedge funds.

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.