Concord Medical Services Holdings Limited (NYSE:CCM) Sees Significant Increase in Short Interest

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 38.1% from the February 28th total of 6,300 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 0.8 days.

Concord Medical Services Stock Performance

Shares of Concord Medical Services stock opened at $4.22 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average price is $4.67 and its 200-day moving average price is $5.38. Concord Medical Services has a 52-week low of $3.80 and a 52-week high of $26.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Concord Medical Services in a research note on Monday, March 24th. They set a “sell” rating for the company.

About Concord Medical Services

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.