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

Concord Medical Services Holdings Limited (NYSE:CCM) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,641 shares, a growth of 55.7% from the July 15th total of 2,980 shares. Based on an average daily trading volume, of 57,272 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

CCM has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Concord Medical Services to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Concord Medical Services in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Concord Medical Services Price Performance

Shares of NYSE:CCM opened at $4.80 on Thursday. The business has a fifty day moving average price of $4.62 and a 200-day moving average price of $4.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.46 and a current ratio of 0.48. Concord Medical Services has a 1-year low of $3.18 and a 1-year high of $6.98.

Concord Medical Services Company Profile

Concord Medical Services Holdings Limited is one of China’s leading providers of radiotherapy equipment and oncology services. The company specializes in supplying and operating advanced radiotherapy machines, including linear accelerators, computed tomography (CT) simulators and brachytherapy units, to public and private hospitals. Through its integrated service model, Concord Medical Services delivers treatment planning, machine maintenance and clinical support to enhance the precision and effectiveness of cancer therapies.

Founded in 1997 and headquartered in Beijing, Concord Medical Services has developed an extensive network of oncology centers across major cities and provinces in China.