WORK Medical Technology Group LTD (NASDAQ:WOK – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 301,444 shares, an increase of 474.1% from the June 30th total of 52,511 shares. Based on an average trading volume of 2,038,808 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Ratings Changes
WOK has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. Wall Street Zen raised WORK Medical Technology Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
WORK Medical Technology Group Stock Performance
Insider Buying and Selling
In other WORK Medical Technology Group news, major shareholder Financial Lp Hrt sold 136,665 shares of WORK Medical Technology Group stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $3.87, for a total transaction of $528,893.55. Following the completion of the sale, the insider owned 123,944 shares of the company’s stock, valued at approximately $479,663.28. The trade was a 52.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have acquired 960,133 shares of company stock worth $957,353 and have sold 180,440 shares worth $984,223.
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.
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