Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Increases By 110.0%

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 110.0% from the February 13th total of 3,000 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Concord Medical Services in a research note on Saturday, March 8th. They set a “sell” rating for the company.

Concord Medical Services Stock Performance

Shares of NYSE:CCM traded up $0.17 during midday trading on Friday, reaching $4.36. The company had a trading volume of 8,537 shares, compared to its average volume of 12,866. Concord Medical Services has a one year low of $3.82 and a one year high of $26.70. 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 stock’s fifty day moving average price is $4.81 and its 200-day moving average price is $5.54.

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.