Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Update

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,800,000 shares, a decline of 25.9% from the February 28th total of 2,430,000 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average daily volume of 498,800 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare during the fourth quarter worth approximately $25,000. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare during the 4th quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cross Country Healthcare in the third quarter worth about $49,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare in the third quarter valued at about $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 0.3 %

Shares of CCRN traded up $0.04 during mid-day trading on Monday, reaching $15.04. The company had a trading volume of 55,746 shares, compared to its average volume of 596,220. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $19.14. The firm has a fifty day simple moving average of $17.04 and a 200-day simple moving average of $15.22. The stock has a market cap of $493.51 million, a price-to-earnings ratio of -301.14, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCRN. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Friday. They issued a “hold” rating for the company. Barrington Research reissued a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial increased their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.41.

About Cross Country Healthcare

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.