Zhongchao Inc. (NASDAQ:ZCMD) Shares Shorted: Short Interest Down 81.4% in October

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 79,926 shares, a drop of 81.4% from the September 30th total of 429,844 shares. Based on an average daily volume of 156,247 shares, the days-to-cover ratio is presently 0.5 days. Approximately 19.4% of the company’s stock are sold short.

Zhongchao Price Performance

Shares of ZCMD opened at $1.10 on Thursday. Zhongchao has a 1 year low of $1.08 and a 1 year high of $1,443.36. The company’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $192.10.

Analyst Ratings Changes

ZCMD has been the subject of several analyst reports. Weiss Ratings cut Zhongchao from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Wall Street Zen lowered Zhongchao from a “hold” rating to a “sell” rating in a report on Sunday, October 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Zhongchao Company Profile

Zhongchao Inc (NASDAQ: ZCMD) is a China-based healthcare services company focused on medical education and patient management. Through its operating subsidiaries, the company provides services intended to support healthcare professionals, patients and pharmaceutical or medical-product companies, with an emphasis on oncology and other chronic disease areas.

Zhongchao’s medical education activities have included online and offline educational programs, academic conferences, seminars and other professional training initiatives for physicians and healthcare providers.