SCWorx (NASDAQ:WORX) Shares Down 3.2% – Here’s Why

SCWorx Corp. (NASDAQ:WORX)’s stock price was down 3.2% on Thursday . The stock traded as low as $0.86 and last traded at $0.92. Approximately 36,686 shares changed hands during trading, a decline of 97% from the average daily volume of 1,291,062 shares. The stock had previously closed at $0.95.

SCWorx Price Performance

The firm has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.41.

Institutional Inflows and Outflows

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

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.