Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Drops By 97.7%

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 18,712 shares, a drop of 97.7% from the May 31st total of 798,740 shares. Based on an average daily volume of 3,541,087 shares, the short-interest ratio is presently 0.0 days. Approximately 21.3% of the company’s shares are sold short.

Zhongchao Trading Down 11.2%

Shares of ZCMD traded down $0.05 on Thursday, reaching $0.36. The stock had a trading volume of 436,453 shares, compared to its average volume of 390,785. Zhongchao has a 12-month low of $0.35 and a 12-month high of $322.62. The company has a 50-day simple moving average of $34.55 and a 200-day simple moving average of $70.87.

Zhongchao (NASDAQ:ZCMD) last issued its quarterly earnings results on Friday, April 3rd. The company reported ($23.72) earnings per share for the quarter. The company had revenue of $2.89 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.