Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Down 7.7% in October

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,870,000 shares, a decline of 7.7% from the October 15th total of 3,110,000 shares. Currently, 9.2% of the shares of the stock are sold short. Based on an average trading volume of 770,400 shares, the short-interest ratio is currently 3.7 days.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $9.81 on Monday. The company has a market cap of $322.95 million, a price-to-earnings ratio of -196.16, a PEG ratio of 1.87 and a beta of 0.65. The firm has a 50 day simple moving average of $12.52 and a 200 day simple moving average of $14.07. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCRN. Barrington Research dropped their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial lowered their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Finally, Benchmark lowered their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Cross Country Healthcare during the 3rd quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $49,000. nVerses Capital LLC acquired a new stake in Cross Country Healthcare during the 2nd quarter worth about $50,000. Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $52,000. Finally, Gladius Capital Management LP grew its holdings in Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.