Short Interest in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Decreases By 20.7%

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,560,000 shares, a decline of 20.7% from the December 15th total of 3,230,000 shares. Approximately 8.4% of the company’s stock are short sold. Based on an average daily trading volume, of 894,600 shares, the short-interest ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CCRN shares. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Wednesday. They set a “hold” rating for the company. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Finally, Truist Financial raised their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.54.

Institutional Trading of Cross Country Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of CCRN. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after buying an additional 1,250 shares in the last quarter. Gladius Capital Management LP boosted its position in shares of Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 1,812 shares in the last quarter. GAMMA Investing LLC increased its stake in Cross Country Healthcare by 32.8% in the third quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 1,865 shares during the period. Truvestments Capital LLC acquired a new position in Cross Country Healthcare in the third quarter worth about $39,000. Finally, Public Sector Pension Investment Board lifted its stake in Cross Country Healthcare by 4.9% during the second quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock worth $995,000 after purchasing an additional 3,356 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN traded up $0.06 during trading hours on Friday, reaching $18.18. 654,288 shares of the company traded hands, compared to its average volume of 526,813. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.15. The stock has a market cap of $598.49 million, a P/E ratio of -363.53, a price-to-earnings-growth ratio of 3.35 and a beta of 0.46. The stock’s fifty day moving average is $15.53 and its 200 day moving average is $14.49.

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.