I would say almost certainly not. It's appears to be designed to be used with the hook end downwards and the knurled screw attached to something. The key might be in the exact design of that screw end which we can't see. I would expect there to be a hole, or at least a dimple, opposite to the screw for the end of it to go into to make a secure attachment to something like a flat plate with a hole in that.
It would also help to know what the scale is graduated in. Pounds, ounces, kg etc.