Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Up 23.3% in December

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 3,230,000 shares, a growth of 23.3% from the November 30th total of 2,620,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the short-interest ratio is currently 3.0 days. Currently, 10.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in Cross Country Healthcare during the third quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cross Country Healthcare in the third quarter worth $49,000. nVerses Capital LLC bought a new stake in Cross Country Healthcare during the 2nd quarter valued at $50,000. Point72 DIFC Ltd purchased a new stake in Cross Country Healthcare during the 3rd quarter valued at $52,000. Finally, Gladius Capital Management LP grew its holdings in Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CCRN has been the subject of a number of research reports. StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Monday. They set a “hold” rating on the stock. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial raised their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Trading Up 0.6 %

Shares of CCRN stock traded up $0.11 on Tuesday, hitting $18.17. 173,064 shares of the stock were exchanged, compared to its average volume of 603,119. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The firm’s 50 day moving average is $13.69 and its two-hundred day moving average is $14.09. The firm has a market capitalization of $598.10 million, a PE ratio of -363.33, a P/E/G ratio of 3.39 and a beta of 0.61.

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.