Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Rises By 226.8%

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 80,048 shares, a growth of 226.8% from the April 30th total of 24,496 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily volume of 18,262 shares, the short-interest ratio is currently 4.4 days.

Zhongchao Price Performance

Zhongchao stock opened at $0.17 on Friday. The firm has a fifty day simple moving average of $1.76 and a two-hundred day simple moving average of $2.93. Zhongchao has a twelve month low of $0.08 and a twelve month high of $12.18.

Zhongchao (NASDAQ:ZCMD) last issued its quarterly earnings data on Friday, April 3rd. The company reported ($0.76) EPS for the quarter. The firm had revenue of $2.89 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhongchao in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zhongchao presently has a consensus rating of “Sell”.

About Zhongchao

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.