Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Expands By 225.0%

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 3,900 shares, an increase of 225.0% from the December 31st total of 1,200 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Concord Medical Services Stock Performance

Shares of CCM traded up $0.18 during mid-day trading on Wednesday, hitting $4.51. The stock had a trading volume of 406 shares, compared to its average volume of 17,961. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. Concord Medical Services has a 52 week low of $3.82 and a 52 week high of $26.70. The business has a fifty day moving average price of $4.81 and a 200-day moving average price of $6.12.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Concord Medical Services in a report on Monday. They issued a “sell” rating on the stock.

Concord Medical Services Company Profile

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services.