Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Update

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 1,800,000 shares, a decline of 25.9% from the February 28th total of 2,430,000 shares. Based on an average trading volume of 498,800 shares, the short-interest ratio is currently 3.6 days. Approximately 5.8% of the company’s stock are sold short.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $15.00 on Friday. The business’s 50-day simple moving average is $17.04 and its 200-day simple moving average is $15.21. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $19.14. The firm has a market cap of $492.20 million, a price-to-earnings ratio of -299.94, a P/E/G ratio of 3.32 and a beta of 0.44.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cross Country Healthcare by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock worth $334,000 after buying an additional 817 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,250 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Cross Country Healthcare during the fourth quarter valued at about $25,000. Geode Capital Management LLC boosted its holdings in Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after acquiring an additional 2,112 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CCRN shares. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial raised their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Friday. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.41.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.