Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Update

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 76,847 shares, a drop of 79.7% from the June 30th total of 378,497 shares. Based on an average daily volume of 7,068,348 shares, the days-to-cover ratio is currently 0.0 days. Approximately 9.3% of the shares of the company are short sold.

Zhongchao News Roundup

Here are the key news stories impacting Zhongchao this week:

• Positive Sentiment: Short interest in Zhongchao fell sharply in July, dropping 79.7% to 76,847 shares by July 15, which could reduce bearish pressure on the stock.
• Neutral Sentiment: Zhongchao was highlighted in a TipRanks article on penny stocks to watch, which may have increased trading interest but does not by itself change fundamentals. Article Title
• Neutral Sentiment: The stock experienced repeated LULD-related trading halts on July 23, signaling extreme volatility and heavy speculative trading rather than a specific operational development.
• Negative Sentiment: The company announced a registered direct offering of 4,545,455 Class A ordinary shares, or pre-funded warrants, at $1.10 per share, a move that may dilute shareholders and pressure the stock. Article Title

Analysts Set New Price Targets

Several equities analysts have issued reports on ZCMD shares. Weiss Ratings raised shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Zhongchao to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Zhongchao Stock Down 19.1%

Shares of ZCMD opened at $1.40 on Friday. The stock’s 50 day moving average is $25.51 and its two-hundred day moving average is $150.62. Zhongchao has a twelve month low of $0.80 and a twelve month high of $967.20.

Zhongchao Company Profile

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.