Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Rises By 225.0%

Concord Medical Services Holdings Limited (NYSE:CCM) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,900 shares, an increase of 225.0% from the December 31st total of 1,200 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Concord Medical Services in a report on Monday. They set a “sell” rating for the company.

Concord Medical Services Price Performance

CCM stock traded up $0.89 during trading on Thursday, reaching $5.23. The company had a trading volume of 45,045 shares, compared to its average volume of 19,386. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46. The business has a 50 day moving average of $4.82 and a 200 day moving average of $6.11. Concord Medical Services has a 52 week low of $3.82 and a 52 week high of $26.70.

Concord Medical Services Company Profile

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services.