Concord Medical Services Holdings Limited (NYSE:CCM) Sees Significant Drop in Short Interest

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 2,400 shares, a decrease of 78.4% from the May 15th total of 11,100 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Concord Medical Services in a research report on Monday, May 19th. They issued a “sell” rating on the stock.

Concord Medical Services Trading Down 1.7%

Shares of NYSE:CCM opened at $6.83 on Thursday. Concord Medical Services has a 1 year low of $3.80 and a 1 year high of $12.70. 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 price is $6.39 and its 200-day moving average price is $5.31.

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.