Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Down 7.7% in November

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,620,000 shares, a drop of 7.7% from the November 15th total of 2,840,000 shares. Currently, 8.6% of the shares of the company are sold short. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after purchasing an additional 165,032 shares during the period. Dimensional Fund Advisors LP increased its stake in Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock worth $32,662,000 after buying an additional 24,363 shares during the period. Systematic Financial Management LP lifted its holdings in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after buying an additional 130,746 shares in the last quarter. State Street Corp boosted its position in Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after buying an additional 6,582 shares during the period. Finally, Royce & Associates LP grew its stake in Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after acquiring an additional 384,374 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. StockNews.com assumed coverage on Cross Country Healthcare in a research note on Saturday. They set a “hold” rating on the stock. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and an average price target of $18.54.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $17.90 on Wednesday. The stock has a 50 day moving average price of $12.59 and a 200-day moving average price of $13.85. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The stock has a market cap of $589.21 million, a price-to-earnings ratio of -358.00, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.