Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Up 476.6% in August

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 354,594 shares, an increase of 476.6% from the July 30th total of 61,499 shares. Based on an average daily volume of 5,052,996 shares, the short-interest ratio is presently 0.1 days. Currently, 43.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Zhongchao from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zhongchao currently has an average rating of “Sell”.

Zhongchao Stock Performance

ZCMD stock opened at $0.73 on Wednesday. The company’s 50 day moving average is $1.42 and its 200 day moving average is $93.33. Zhongchao has a 1-year low of $0.71 and a 1-year high of $967.20.

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.