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

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

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 stake in WORK Medical Technology Group LTD (NASDAQ:WOKFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group makes up 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th largest holding. Sabby Management LLC owned about 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission.

WORK Medical Technology Group Trading Down 1.2%

NASDAQ WOK traded down $0.00 during trading on Friday, hitting $0.10. The stock had a trading volume of 60,982,716 shares, compared to its average volume of 16,161,560. The company’s 50-day moving average price is $1.19 and its two-hundred day moving average price is $79.50. WORK Medical Technology Group has a 12 month low of $0.09 and a 12 month high of $9,400.00.

Analyst Ratings Changes

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

View Our Latest Stock Report on WORK Medical Technology Group

About WORK Medical Technology Group

(Get Free Report)

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.

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