Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Update

Concord Medical Services Holdings Limited (NYSE:CCM) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 110.0% from the February 13th total of 3,000 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Concord Medical Services in a research note on Saturday, March 8th. They issued a “sell” rating for the company.

Concord Medical Services Trading Up 4.1 %

Shares of NYSE CCM traded up $0.17 during midday trading on Friday, hitting $4.36. The company’s stock had a trading volume of 8,578 shares, compared to its average volume of 12,867. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $4.80 and its two-hundred day moving average is $5.52. Concord Medical Services has a 12-month low of $3.82 and a 12-month high of $26.70.

About Concord Medical Services

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.