Zhongchao Inc. (NASDAQ:ZCMD) Stock Short Interest Report for October

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 79,926 shares, a decline of 81.4% from the September 30th total of 429,844 shares. Currently, 19.4% of the shares of the company are sold short. Based on an average daily volume of 156,247 shares, the days-to-cover ratio is currently 0.5 days.

Zhongchao Stock Performance

NASDAQ ZCMD opened at $1.08 on Wednesday. The stock’s 50-day moving average is $1.65 and its two-hundred day moving average is $196.03. Zhongchao has a fifty-two week low of $1.08 and a fifty-two week high of $1,443.36.

Analyst Ratings Changes

Several research firms have commented on ZCMD. Wall Street Zen cut shares of Zhongchao from a “hold” rating to a “sell” rating in a research note on Sunday, October 11th. Weiss Ratings downgraded shares of Zhongchao from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Zhongchao

Zhongchao Inc (NASDAQ:ZCMD) is a China-based healthcare technology company that provides online healthcare information and education services. Its platform is designed to connect medical professionals with educational content, industry information and other digital resources.

The company focuses on supporting healthcare professionals through continuing medical education and related online programs, with an emphasis on improving access to medical knowledge and professional development. Zhongchao also provides health-related information and services intended to support patients and broader healthcare communication.

Zhongchao primarily serves healthcare professionals, patients and other participants in China’s healthcare sector through its digital platforms.