SCWorx Corp. (NASDAQ:WORX) Shares Shorted: Short Interest Up 728.3% in October

SCWorx Corp. (NASDAQ:WORX) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 124,458 shares, a growth of 728.3% from the October 15th total of 15,025 shares. Based on an average daily volume of 20,603,320 shares, the short-interest ratio is currently 0.0 days. Approximately 125.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

SCWorx Stock Performance

Shares of NASDAQ:WORX opened at $1.26 on Thursday. The business has a 50 day moving average price of $3.02 and a 200 day moving average price of $12.96. SCWorx has a twelve month low of $1.07 and a twelve month high of $88.20.

About SCWorx

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.