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

Concord Medical Services Holdings Limited (NYSE:CCM) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 38.1% from the February 28th total of 6,300 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

Concord Medical Services Stock Performance

CCM traded up $0.26 during midday trading on Tuesday, hitting $4.26. The company had a trading volume of 5,921 shares, compared to its average volume of 18,469. Concord Medical Services has a 52 week low of $3.80 and a 52 week high of $26.70. The stock’s 50 day moving average price is $4.65 and its 200 day moving average price is $5.37. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Concord Medical Services in a report on Tuesday. They issued a “sell” rating for the company.

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.