Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Declines By 72.2%

Concord Medical Services Holdings Limited (NYSE:CCM) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 3,200 shares, a decrease of 72.2% from the October 31st total of 11,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 0.4 days.

Concord Medical Services Stock Down 0.4 %

NYSE:CCM traded down $0.02 during trading hours on Wednesday, reaching $4.93. 497 shares of the company’s stock were exchanged, compared to its average volume of 16,462. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. Concord Medical Services has a 12 month low of $3.82 and a 12 month high of $26.70. The business’s 50-day simple moving average is $6.47 and its two-hundred day simple moving average is $7.01.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Concord Medical Services in a research note on Sunday. They set a “sell” rating on the stock.

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.