Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Update

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a large growth in short interest in 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. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is currently 0.7 days.

Concord Medical Services Stock Performance

NYSE CCM traded up $0.17 during midday trading on Friday, hitting $4.36. 8,578 shares of the company traded hands, compared to its average volume of 12,867. 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’s 50-day simple moving average is $4.80 and its 200-day simple moving average is $5.52. Concord Medical Services has a 52 week low of $3.82 and a 52 week high of $26.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Concord Medical Services in a research report on Saturday, March 8th. They set 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.