Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Up 225.0% in December

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

Concord Medical Services Price Performance

Shares of NYSE:CCM opened at $4.51 on Tuesday. The firm has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $6.51. 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 52 week low of $3.82 and a 52 week high of $26.70.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Concord Medical Services in a research note on Saturday. 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.