Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Up 225.0% in January

Concord Medical Services Holdings Limited (NYSE:CCM) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,900 shares, an increase of 225.0% from the December 31st total of 1,200 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

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

Concord Medical Services Price Performance

Shares of Concord Medical Services stock traded up $0.12 during trading on Wednesday, hitting $4.47. 2,880 shares of the stock were exchanged, compared to its average volume of 15,704. 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 company has a fifty day moving average price of $4.81 and a 200-day moving average price of $6.12. Concord Medical Services has a 1-year low of $3.82 and a 1-year high of $26.70.

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.