WORK Medical Technology Group LTD (NASDAQ:WOK) Short Interest Up 600.3% in May

WORK Medical Technology Group LTD (NASDAQ:WOK) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 462,339 shares, an increase of 600.3% from the April 30th total of 66,020 shares. Currently, 4,623.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,626,081 shares, the days-to-cover ratio is currently 0.0 days.

WORK Medical Technology Group Stock Performance

NASDAQ:WOK traded down $0.01 during mid-day trading on Thursday, reaching $0.10. The stock had a trading volume of 51,322,757 shares, compared to its average volume of 15,617,442. The firm has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $81.89. WORK Medical Technology Group has a one year low of $0.09 and a one year high of $9,400.00.

Institutional Investors Weigh In On WORK Medical Technology Group

A hedge fund recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC bought a new position in WORK Medical Technology Group LTD (NASDAQ:WOK) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group accounts for approximately 0.2% of Sabby Management LLC’s investment portfolio, making the stock its 18th biggest holding. Sabby Management LLC owned 590.89% of WORK Medical Technology Group as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About WORK Medical Technology Group

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.