Concord Medical Services Hldg Ltd (NYSE:CCM) Sees Large Drop in Short Interest
Concord Medical Services Hldg Ltd (NYSE:CCM) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,500 shares, a decrease of 59.0% from the July 31st total of 6,100 shares. Based on an average trading volume of 14,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Shares of NYSE CCM traded down $0.03 during mid-day trading on Friday, hitting $2.33. The company had a trading volume of 200 shares, compared to its average volume of 8,877. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.64 and a quick ratio of 1.63. The business’s 50-day simple moving average is $2.57 and its 200-day simple moving average is $2.63. Concord Medical Services has a 12 month low of $1.85 and a 12 month high of $3.84. The firm has a market cap of $102.42 million, a P/E ratio of -1.94 and a beta of -0.19.
Separately, Zacks Investment Research cut shares of Concord Medical Services from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.
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. The company's services comprise linear accelerators external beam radiotherapy, gamma knife radiosurgery, head gamma knife systems, body gamma knife systems, CyberKnife robotic radiosurgery system, proton beam therapy systems, and diagnostic imaging services.
Featured Story: What is a support level?
Receive News & Ratings for Concord Medical Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concord Medical Services and related companies with MarketBeat.com's FREE daily email newsletter.