Short Interest in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Decreases By 7.7%

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,870,000 shares, a drop of 7.7% from the October 15th total of 3,110,000 shares. Based on an average daily volume of 770,400 shares, the days-to-cover ratio is currently 3.7 days. Currently, 9.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare in the third quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cross Country Healthcare during the third quarter worth approximately $49,000. nVerses Capital LLC purchased a new stake in shares of Cross Country Healthcare in the second quarter valued at $50,000. Point72 DIFC Ltd purchased a new stake in Cross Country Healthcare in the 3rd quarter valued at about $52,000. Finally, Gladius Capital Management LP grew its holdings in Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 0.3 %

NASDAQ CCRN opened at $10.37 on Wednesday. The stock has a market capitalization of $341.38 million, a price-to-earnings ratio of -207.36, a PEG ratio of 1.87 and a beta of 0.65. The business’s 50 day moving average is $12.45 and its two-hundred day moving average is $14.00. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64.

Analysts Set New Price Targets

CCRN has been the subject of a number of research analyst reports. Benchmark decreased their target price on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Barrington Research decreased their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial cut their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.50.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.