Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Grows By 67.9%

Zhongchao Inc. (NASDAQ:ZCMD) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 595,362 shares, an increase of 67.9% from the August 15th total of 354,594 shares. Based on an average daily volume of 4,630,564 shares, the short-interest ratio is presently 0.1 days. Currently, 72.2% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZCMD. Wall Street Zen upgraded shares of Zhongchao from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Zhongchao Stock Performance

NASDAQ:ZCMD opened at $0.79 on Friday. The stock’s 50 day moving average price is $1.17 and its two-hundred day moving average price is $73.47. Zhongchao has a 12-month low of $0.71 and a 12-month high of $967.20.

Zhongchao Company Profile

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.