Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Down 20.7% in December

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,560,000 shares, a decrease of 20.7% from the December 15th total of 3,230,000 shares. Approximately 8.4% of the shares of the stock are sold short. Based on an average daily volume of 894,600 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CCRN shares. StockNews.com started coverage on Cross Country Healthcare in a research note on Wednesday. They set a “hold” rating for the company. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Truist Financial upped their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Performance

Shares of CCRN remained flat at $18.12 during midday trading on Thursday. 390,471 shares of the company’s stock traded hands, compared to its average volume of 596,077. The stock’s fifty day moving average price is $15.37 and its 200-day moving average price is $14.45. The company has a market capitalization of $596.51 million, a price-to-earnings ratio of -362.33, a P/E/G ratio of 3.35 and a beta of 0.46. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.15.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in Cross Country Healthcare by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 136,075 shares of the business services provider’s stock worth $1,883,000 after acquiring an additional 18,152 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cross Country Healthcare by 15.9% in the second quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock worth $10,696,000 after purchasing an additional 106,226 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Cross Country Healthcare by 50.6% during the second quarter. WINTON GROUP Ltd now owns 22,811 shares of the business services provider’s stock worth $316,000 after purchasing an additional 7,660 shares during the period. Dimensional Fund Advisors LP grew its position in Cross Country Healthcare by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after purchasing an additional 24,363 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Cross Country Healthcare by 225.5% in the 2nd quarter. Renaissance Technologies LLC now owns 92,509 shares of the business services provider’s stock valued at $1,280,000 after buying an additional 64,091 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

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.