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

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

Concord Medical Services Trading Up 2.8 %

Concord Medical Services stock traded up $0.12 during mid-day trading on Wednesday, reaching $4.47. 2,880 shares of the company were exchanged, compared to its average volume of 15,704. The company has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $6.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.47 and a quick ratio of 0.46. Concord Medical Services has a 12 month low of $3.82 and a 12 month high of $26.70.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Concord Medical Services in a report on Monday. They set a “sell” rating on the stock.

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.