Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Rises By 225.0%

Concord Medical Services Holdings Limited (NYSE:CCM) saw a large 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.4 days.

Concord Medical Services Price Performance

Shares of NYSE CCM traded up $0.89 during trading hours on Thursday, reaching $5.23. 45,045 shares of the stock traded hands, compared to its average volume of 19,386. 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 $4.82 and its two-hundred day simple moving average is $6.11. Concord Medical Services has a 52-week low of $3.82 and a 52-week high of $26.70.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Concord Medical Services in a research note on Monday. They issued a “sell” rating for the company.

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.