SecureWorks Corp. (NASDAQ:SCWX) Short Interest Update

SecureWorks Corp. (NASDAQ:SCWX - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 57,900 shares, a drop of 16.1% from the February 29th total of 69,000 shares. Based on an average daily volume of 34,500 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are sold short.

SecureWorks Stock Up 12.9 %

SCWX traded up $0.77 during trading on Friday, reaching $6.72. 96,106 shares of the stock traded hands, compared to its average volume of 41,570. The stock has a market capitalization of $593.31 million, a PE ratio of -6.65 and a beta of 0.98. The stock's 50-day moving average is $6.77 and its 200 day moving average is $6.38. SecureWorks has a 12 month low of $5.40 and a 12 month high of $10.06.

Insider Buying and Selling

In other news, major shareholder Neil Gagnon acquired 5,731 shares of SecureWorks stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $6.72 per share, for a total transaction of $38,512.32. Following the completion of the acquisition, the insider now directly owns 597,149 shares in the company, valued at approximately $4,012,841.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 19,380 shares of company stock worth $127,771. Company insiders own 83.10% of the company's stock.

Institutional Trading of SecureWorks

A number of institutional investors have recently bought and sold shares of SCWX. Royal Bank of Canada boosted its position in shares of SecureWorks by 1.5% during the 1st quarter. Royal Bank of Canada now owns 69,128 shares of the technology company's stock worth $917,000 after purchasing an additional 1,012 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SecureWorks by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 34,860 shares of the technology company's stock worth $299,000 after purchasing an additional 1,565 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of SecureWorks by 41.6% in the 1st quarter. Deutsche Bank AG now owns 5,949 shares of the technology company's stock worth $51,000 after acquiring an additional 1,749 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of SecureWorks by 11.8% in the 2nd quarter. Rhumbline Advisers now owns 16,869 shares of the technology company's stock worth $183,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of SecureWorks by 8.3% in the 3rd quarter. Alliancebernstein L.P. now owns 23,500 shares of the technology company's stock worth $189,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 14.38% of the company's stock.

SecureWorks Company Profile

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 adversarial services.