Short Interest in SWK Holdings Co. (NASDAQ:SWKH) Drops By 18.6%

SWK Holdings Co. (NASDAQ:SWKH) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 47,200 shares, a decrease of 18.6% from the September 15th total of 58,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is currently 3.9 days.

SWK Trading Up 1.0 %

SWKH stock opened at $16.93 on Friday. The company’s 50-day simple moving average is $17.07 and its 200-day simple moving average is $17.13. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.11. SWK has a 52-week low of $15.65 and a 52-week high of $18.75. The firm has a market cap of $211.12 million, a P/E ratio of 16.76 and a beta of 0.36.

SWK (NASDAQ:SWKH) last posted its earnings results on Thursday, August 15th. The company reported $0.46 earnings per share (EPS) for the quarter. SWK had a net margin of 29.82% and a return on equity of 5.33%. The business had revenue of $11.54 million for the quarter.

Institutional Investors Weigh In On SWK

Hedge funds have recently modified their holdings of the company. SkyView Investment Advisors LLC raised its position in shares of SWK by 7.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 31,165 shares of the company’s stock worth $529,000 after purchasing an additional 2,234 shares during the last quarter. Empowered Funds LLC raised its position in shares of SWK by 7.9% during the 1st quarter. Empowered Funds LLC now owns 50,137 shares of the company’s stock worth $873,000 after purchasing an additional 3,675 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of SWK during the 2nd quarter worth about $172,000. Dimensional Fund Advisors LP raised its position in shares of SWK by 85.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,109 shares of the company’s stock worth $511,000 after purchasing an additional 13,892 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of SWK by 75.5% during the 1st quarter. Vanguard Group Inc. now owns 397,273 shares of the company’s stock worth $6,920,000 after purchasing an additional 170,957 shares during the last quarter. 99.27% of the stock is owned by hedge funds and other institutional investors.

About SWK

SWK Holdings Corporation, offers specialty finance and asset management services in the United States. It operates in two segments, Finance Receivables and Pharmaceutical Development. The Finance Receivables segment provides customized financing solutions to a range of life science companies, including companies in the biotechnology, medical device, medical diagnostics and related tools, animal health, and pharmaceutical industries, as well as institutions and inventors.