Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Grows By 18.8%

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,800 shares, an increase of 18.8% from the November 15th total of 3,200 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Concord Medical Services Stock Up 0.8 %

Concord Medical Services stock traded up $0.04 during mid-day trading on Monday, hitting $4.99. 3,318 shares of the company’s stock were exchanged, compared to its average volume of 15,920. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. The company’s 50 day simple moving average is $6.11 and its 200-day simple moving average is $6.94. Concord Medical Services has a fifty-two week low of $3.82 and a fifty-two week high of $26.70.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Concord Medical Services in a research report on Tuesday, December 10th. They issued a “sell” rating on the stock.

About Concord Medical Services

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.