Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Up 71.1% in March

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 3,080,000 shares, a growth of 71.1% from the March 15th total of 1,800,000 shares. Based on an average daily volume of 462,200 shares, the days-to-cover ratio is presently 6.7 days. Currently, 10.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its position in shares of Cross Country Healthcare by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 57,641 shares of the business services provider’s stock valued at $858,000 after acquiring an additional 789 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cross Country Healthcare by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock valued at $334,000 after buying an additional 817 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $25,000. Geode Capital Management LLC raised its stake in Cross Country Healthcare by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after acquiring an additional 2,112 shares during the period. Finally, Plato Investment Management Ltd bought a new position in Cross Country Healthcare during the fourth quarter worth $46,000. 96.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCRN has been the subject of several recent research reports. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Sunday. They issued a “hold” rating on the stock. Barrington Research reiterated a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock traded down $0.04 during trading hours on Thursday, hitting $14.23. The company’s stock had a trading volume of 47,876 shares, compared to its average volume of 443,000. The company has a market capitalization of $466.93 million, a PE ratio of -284.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. The stock has a 50 day moving average of $15.94 and a 200 day moving average of $15.24. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $18.50.

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.