Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Down 79.7% in July

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 76,847 shares, a decline of 79.7% from the June 30th total of 378,497 shares. Based on an average daily trading volume, of 7,068,348 shares, the short-interest ratio is presently 0.0 days. Currently, 9.3% of the shares of the company are sold short.

Zhongchao Price Performance

NASDAQ:ZCMD traded down $0.33 during midday trading on Friday, hitting $1.40. The company’s stock had a trading volume of 17,341,124 shares, compared to its average volume of 13,212,525. Zhongchao has a fifty-two week low of $0.80 and a fifty-two week high of $967.20. The firm’s 50 day moving average is $25.51 and its 200-day moving average is $150.62.

Trending Headlines about Zhongchao

Here are the key news stories impacting Zhongchao this week:

• Positive Sentiment: Short interest in Zhongchao fell sharply in July, dropping 79.7% to 76,847 shares by July 15, which could reduce bearish pressure on the stock.
• Neutral Sentiment: Zhongchao was highlighted in a TipRanks article on penny stocks to watch, which may have increased trading interest but does not by itself change fundamentals. Article Title
• Neutral Sentiment: The stock experienced repeated LULD-related trading halts on July 23, signaling extreme volatility and heavy speculative trading rather than a specific operational development.
• Negative Sentiment: The company announced a registered direct offering of 4,545,455 Class A ordinary shares, or pre-funded warrants, at $1.10 per share, a move that may dilute shareholders and pressure the stock. Article Title

Analyst Ratings Changes

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

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.