Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Grows By 38.1%

Concord Medical Services Holdings Limited (NYSE:CCM) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 38.1% from the February 28th total of 6,300 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Concord Medical Services in a research note on Tuesday. They issued a “sell” rating for the company.

Concord Medical Services Stock Up 6.5 %

Shares of CCM stock opened at $4.26 on Wednesday. Concord Medical Services has a 52-week low of $3.80 and a 52-week high of $26.70. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average is $4.65 and its 200-day moving average is $5.37.

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.