WORK Medical Technology Group LTD (NASDAQ:WOK) Short Interest Down 87.7% in June

WORK Medical Technology Group LTD (NASDAQ:WOKGet Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 52,511 shares, a decrease of 87.7% from the June 15th total of 428,056 shares. Based on an average trading volume of 1,482,384 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research firms have commented on WOK. Wall Street Zen upgraded shares of WORK Medical Technology Group to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings restated a “sell (e+)” rating on shares of WORK Medical Technology Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, WORK Medical Technology Group currently has an average rating of “Sell”.

Check Out Our Latest Report on WOK

Insider Buying and Selling at WORK Medical Technology Group

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in WORK Medical Technology Group stock. Sabby Management LLC acquired a new stake in shares of WORK Medical Technology Group LTD (NASDAQ:WOKFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,724,004 shares of the company’s stock, valued at approximately $204,000. WORK Medical Technology Group comprises 0.2% of Sabby Management LLC’s portfolio, making the stock its 18th largest holding. Sabby Management LLC owned approximately 590.89% of WORK Medical Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

WORK Medical Technology Group Price Performance

Shares of WORK Medical Technology Group stock traded up $0.28 on Friday, reaching $2.30. The company had a trading volume of 13,802,668 shares, compared to its average volume of 529,635. The firm’s 50-day moving average price is $52.22 and its two-hundred day moving average price is $131.16. WORK Medical Technology Group has a 1 year low of $1.78 and a 1 year high of $930,000.00.

WORK Medical Technology Group Company Profile

(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.

Recommended Stories

Receive News & Ratings for WORK Medical Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WORK Medical Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.