Short Interest in SecureWorks Corp. (NASDAQ:SCWX) Grows By 53.8%

SecureWorks Corp. (NASDAQ:SCWX) was the target of a large increase in short interest in 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. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 288,500 shares, the short-interest ratio is presently 0.4 days.

SecureWorks Trading Up 0.1 %

Shares of SecureWorks stock traded up $0.01 during trading hours on Friday, reaching $8.45. The stock had a trading volume of 137,001 shares, compared to its average volume of 197,518. SecureWorks has a 1 year low of $5.61 and a 1 year high of $9.76. The firm has a market capitalization of $750.61 million, a price-to-earnings ratio of -8.54 and a beta of 0.94. The firm has a 50 day simple moving average of $8.43 and a two-hundred day simple moving average of $8.00.

Institutional Trading of SecureWorks

Several large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in shares of SecureWorks by 2.5% during the third quarter. Royce & Associates LP now owns 1,324,543 shares of the technology company’s stock valued at $11,722,000 after purchasing an additional 32,929 shares during the period. Scalar Gauge Management LLC increased its stake in SecureWorks by 16.4% during the 3rd quarter. Scalar Gauge Management LLC now owns 368,006 shares of the technology company’s stock worth $3,257,000 after buying an additional 51,869 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SecureWorks by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 351,763 shares of the technology company’s stock worth $2,462,000 after buying an additional 16,327 shares in the last quarter. Kovack Advisors Inc. boosted its position in SecureWorks by 12.7% in the 3rd quarter. Kovack Advisors Inc. now owns 327,516 shares of the technology company’s stock valued at $2,899,000 after buying an additional 36,816 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of SecureWorks by 22.3% during the second quarter. Renaissance Technologies LLC now owns 181,540 shares of the technology company’s stock valued at $1,271,000 after acquiring an additional 33,100 shares in the last quarter. 14.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on SCWX. StockNews.com started coverage on shares of SecureWorks in a research note on Saturday, January 11th. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of SecureWorks in a research note on Tuesday, October 22nd.

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.