Concord Medical Services Holdings Limited (NYSE:CCM) Sees Large Growth in Short Interest

Concord Medical Services Holdings Limited (NYSE:CCM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, an increase of 225.0% from the December 15th total of 1,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 8,900 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Concord Medical Services in a report on Saturday. They set a “sell” rating on the stock.

Concord Medical Services Stock Down 1.5 %

CCM stock traded down $0.07 during trading on Wednesday, reaching $4.70. 4,755 shares of the company’s stock were exchanged, compared to its average volume of 28,128. Concord Medical Services has a 1-year low of $3.82 and a 1-year high of $26.70. The company’s fifty day moving average price is $4.90 and its 200-day moving average price is $6.46. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15.

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.