Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Increases By 226.8%

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 80,048 shares, an increase of 226.8% from the April 30th total of 24,496 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 18,262 shares, the short-interest ratio is presently 4.4 days.

Zhongchao Stock Down 69.1%

Zhongchao stock traded down $0.37 during midday trading on Friday, reaching $0.17. The company’s stock had a trading volume of 158,806,068 shares, compared to its average volume of 110,752. Zhongchao has a fifty-two week low of $0.08 and a fifty-two week high of $12.18. The business has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $2.93.

Zhongchao (NASDAQ:ZCMD) last posted its earnings results on Friday, April 3rd. The company reported ($0.76) EPS for the quarter. The firm had revenue of $2.89 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhongchao in a research note on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Zhongchao

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.