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

Concord Medical Services Holdings Limited (NYSE:CCM) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 3,000 shares, a decline of 34.8% from the January 31st total of 4,600 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Concord Medical Services Stock Down 6.7 %

Shares of Concord Medical Services stock opened at $5.19 on Friday. The company’s 50-day moving average price is $4.90 and its 200-day moving average price is $5.69. Concord Medical Services has a 12-month low of $3.82 and a 12-month high of $26.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Concord Medical Services in a report on Friday. They set 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.