SecureWorks Corp. (NASDAQ:SCWX) Short Interest Up 53.8% in December

SecureWorks Corp. (NASDAQ:SCWX) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 116,600 shares, an increase of 53.8% from the December 15th total of 75,800 shares. Based on an average trading volume of 288,500 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Trading of SecureWorks

A number of hedge funds and other institutional investors have recently modified their holdings of SCWX. Geode Capital Management LLC boosted its stake in shares of SecureWorks by 14.1% during the third quarter. Geode Capital Management LLC now owns 160,430 shares of the technology company’s stock valued at $1,420,000 after purchasing an additional 19,766 shares in the last quarter. State Street Corp boosted its position in SecureWorks by 5.5% during the 3rd quarter. State Street Corp now owns 44,227 shares of the technology company’s stock worth $391,000 after buying an additional 2,300 shares during the period. Marshall Wace LLP grew its holdings in SecureWorks by 11.6% during the 2nd quarter. Marshall Wace LLP now owns 49,997 shares of the technology company’s stock worth $350,000 after acquiring an additional 5,205 shares during the last quarter. FMR LLC increased its position in SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,964 shares during the period. Finally, Scalar Gauge Management LLC raised its stake in shares of SecureWorks by 18.8% during the second quarter. Scalar Gauge Management LLC now owns 316,137 shares of the technology company’s stock valued at $2,213,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors own 14.38% of the company’s stock.

SecureWorks Stock Up 0.1 %

Shares of NASDAQ:SCWX traded up $0.01 during trading on Friday, reaching $8.45. 137,001 shares of the company traded hands, compared to its average volume of 197,518. The company’s 50 day moving average is $8.43 and its two-hundred day moving average is $8.00. SecureWorks has a 52 week low of $5.61 and a 52 week high of $9.76. The firm has a market capitalization of $750.61 million, a PE ratio of -8.54 and a beta of 0.94.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd. StockNews.com began coverage on SecureWorks in a report on Saturday, January 11th. They issued a “hold” rating for the company.

About SecureWorks

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.