Zhongchao Inc. (NASDAQ:ZCMD) Sees Large Growth in Short Interest

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 354,594 shares, an increase of 476.6% from the July 30th total of 61,499 shares. Based on an average daily volume of 5,052,996 shares, the short-interest ratio is presently 0.1 days. Approximately 43.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZCMD. Wall Street Zen raised Zhongchao from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Zhongchao Stock Performance

ZCMD stock traded up $0.16 during mid-day trading on Thursday, hitting $0.97. 11,273,731 shares of the company were exchanged, compared to its average volume of 4,909,285. Zhongchao has a 1-year low of $0.71 and a 1-year high of $967.20. The firm’s 50 day simple moving average is $1.37 and its 200 day simple moving average is $90.78.

Zhongchao Company Profile

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.