WORK Medical Technology Group LTD (NASDAQ:WOK) Sees Large Increase in Short Interest

WORK Medical Technology Group LTD (NASDAQ:WOK) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 301,444 shares, a growth of 474.1% from the June 30th total of 52,511 shares. Based on an average daily volume of 2,038,808 shares, the short-interest ratio is currently 0.1 days.

WORK Medical Technology Group Stock Performance

NASDAQ:WOK traded up $0.16 on Friday, hitting $2.04. 286,362 shares of the stock were exchanged, compared to its average volume of 1,138,439. WORK Medical Technology Group has a 52 week low of $1.78 and a 52 week high of $930,000.00. The company’s 50-day moving average price is $6.70 and its 200 day moving average price is $101.99.

Insider Transactions at WORK Medical Technology Group

In other news, major shareholder Financial Lp Hrt purchased 880,456 shares of WORK Medical Technology Group stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of $0.05 per share, for a total transaction of $44,022.80. Following the completion of the transaction, the insider directly owned 1,271,912 shares in the company, valued at approximately $63,595.60. This represents a 224.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 960,133 shares of company stock worth $957,353 and have sold 180,440 shares worth $984,223.

Analyst Ratings Changes

WOK has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. Wall Street Zen raised shares of WORK Medical Technology Group from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

WORK Medical Technology Group Company Profile

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.