MDWerks, Inc. (OTCMKTS:MDWK) Sees Significant Growth in Short Interest

MDWerks, Inc. (OTCMKTS:MDWK) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,300 shares, a growth of 132.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

MDWerks Stock Performance

OTCMKTS MDWK traded up $0.02 on Friday, hitting $0.28. 357 shares of the stock traded hands, compared to its average volume of 22,016. The firm has a market capitalization of $59.85 million, a price-to-earnings ratio of -28.00 and a beta of 13.02. The business’s fifty day moving average is $0.18 and its two-hundred day moving average is $0.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.29 and a current ratio of 0.43. MDWerks has a 12 month low of $0.01 and a 12 month high of $0.32.

MDWerks (OTCMKTS:MDWK) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.01) earnings per share for the quarter. MDWerks had a negative return on equity of 132.97% and a negative net margin of 53.07%. The firm had revenue of $0.35 million for the quarter.

About MDWerks

MDWerks, Inc, together with its subsidiaries, provides energy waving technologies in the United States. The company offers green and radio wave technologies. It also produces and sells alcoholic beverages, including whiskey and vodka. In addition, the company develops radio frequency applications. It serves structural engineering, food and beverage, alcoholic beverages, manufacturing, and adhesives industries.