Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Grows By 225.0%

Concord Medical Services Holdings Limited (NYSE:CCM) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,900 shares, a growth of 225.0% from the December 15th total of 1,200 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Concord Medical Services Price Performance

Shares of NYSE CCM opened at $4.70 on Thursday. The stock’s fifty day simple moving average is $4.90 and its 200 day simple moving average is $6.46. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.46 and a current ratio of 0.47. Concord Medical Services has a 52-week low of $3.82 and a 52-week high of $26.70.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Concord Medical Services in a report on Saturday, January 11th. They issued a “sell” rating on the stock.

Concord Medical Services Company Profile

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.