Zhongchao Inc. (NASDAQ:ZCMD) Sees Significant Increase in Short Interest

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 378,497 shares, a growth of 1,922.8% from the June 15th total of 18,712 shares. Based on an average daily volume of 3,228,918 shares, the short-interest ratio is currently 0.1 days. Approximately 45.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Zhongchao Trading Up 0.5%

ZCMD traded up $0.01 on Friday, hitting $2.03. The company had a trading volume of 3,830,753 shares, compared to its average volume of 4,987,100. The business’s fifty day simple moving average is $57.95 and its 200 day simple moving average is $177.26. Zhongchao has a 12-month low of $0.80 and a 12-month high of $967.20.

About Zhongchao

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.