Concord Medical Services Hldg Ltd (NYSE:CCM) Sees Large Growth in Short Interest
Concord Medical Services Hldg Ltd (NYSE:CCM) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, an increase of 10.7% from the December 15th total of 2,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 1.6 days.
Concord Medical Services stock traded down $0.07 during midday trading on Wednesday, reaching $2.65. The company’s stock had a trading volume of 6,928 shares, compared to its average volume of 1,759. The stock’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.56. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.64 and a quick ratio of 1.63. Concord Medical Services has a 52-week low of $1.85 and a 52-week high of $3.60. The stock has a market capitalization of $114.92 million, a P/E ratio of -2.21 and a beta of -0.21.
A hedge fund recently raised its stake in Concord Medical Services stock. Renaissance Technologies LLC raised its holdings in Concord Medical Services Hldg Ltd (NYSE:CCM) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 237,500 shares of the company’s stock after buying an additional 8,200 shares during the quarter. Renaissance Technologies LLC owned about 0.55% of Concord Medical Services worth $532,000 at the end of the most recent reporting period. 0.88% of the stock is owned by hedge funds and other institutional investors.
Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. The company's services comprise linear accelerators external beam radiotherapy, gamma knife radiosurgery, head gamma knife systems, body gamma knife systems, CyberKnife robotic radiosurgery system, proton beam therapy systems, and diagnostic imaging services.
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