Thoughtworks Holding, Inc. (NASDAQ:TWKS) Short Interest Update

Thoughtworks Holding, Inc. (NASDAQ:TWKS) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 17,510,000 shares, a growth of 101.3% from the October 15th total of 8,700,000 shares. Based on an average trading volume of 3,450,000 shares, the short-interest ratio is currently 5.1 days. Currently, 20.4% of the shares of the stock are short sold.

Thoughtworks Price Performance

TWKS stock remained flat at $4.47 during trading on Friday. Thoughtworks has a 12-month low of $2.19 and a 12-month high of $5.20. The stock has a 50 day moving average price of $4.43 and a 200 day moving average price of $3.65. The stock has a market capitalization of $1.44 billion, a P/E ratio of -14.90 and a beta of 1.13. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Thoughtworks

Institutional investors have recently modified their holdings of the stock. Algert Global LLC purchased a new position in Thoughtworks during the 2nd quarter worth $33,000. Simplicity Wealth LLC purchased a new position in shares of Thoughtworks during the second quarter valued at $44,000. Catalina Capital Group LLC increased its stake in shares of Thoughtworks by 67.5% during the second quarter. Catalina Capital Group LLC now owns 17,439 shares of the company’s stock valued at $50,000 after buying an additional 7,026 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Thoughtworks in the third quarter valued at about $52,000. Finally, SG Americas Securities LLC purchased a new stake in Thoughtworks in the second quarter worth about $71,000. 32.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TWKS has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Thoughtworks in a research report on Tuesday, August 6th. Piper Sandler raised their price target on Thoughtworks from $3.40 to $4.40 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Robert W. Baird reiterated a “neutral” rating and set a $4.40 price objective on shares of Thoughtworks in a research report on Tuesday, August 6th. Finally, Baird R W lowered shares of Thoughtworks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Thoughtworks has a consensus rating of “Hold” and a consensus target price of $4.18.

Thoughtworks Company Profile

Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company’s consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.