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

Concord Medical Services Holdings Limited (NYSE:CCMGet Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,300 shares, a growth 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 currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on CCM

Concord Medical Services Stock Performance

Concord Medical Services stock opened at $4.36 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $5.51. Concord Medical Services has a 1-year low of $3.82 and a 1-year high of $26.70.

About Concord Medical Services

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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.

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