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

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CCRN. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the 3rd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $49,000. nVerses Capital LLC bought a new stake in Cross Country Healthcare during the second quarter worth $50,000. Point72 DIFC Ltd bought a new position in Cross Country Healthcare in the third quarter valued at about $52,000. Finally, Gladius Capital Management LP increased its position in Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,812 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 5.4 %

CCRN stock opened at $10.34 on Tuesday. The firm has a market cap of $340.39 million, a PE ratio of -196.16, a P/E/G ratio of 1.87 and a beta of 0.65. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64. The business’s 50-day moving average price is $12.52 and its two-hundred day moving average price is $14.05.

Analyst Ratings Changes

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