Concord Medical Services Holdings Limited (NYSE:CCM – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 4,641 shares, a growth of 55.7% from the July 15th total of 2,980 shares. Based on an average daily trading volume, of 57,272 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.
Concord Medical Services Price Performance
Shares of CCM stock opened at $4.66 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $4.62 and a 200-day simple moving average of $4.29. Concord Medical Services has a 1-year low of $3.18 and a 1-year high of $6.98.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Wall Street Zen raised Concord Medical Services to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Concord Medical Services in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Concord Medical Services has a consensus rating of “Sell”.
About Concord Medical Services
Concord Medical Services Holdings Limited is one of China’s leading providers of radiotherapy equipment and oncology services. The company specializes in supplying and operating advanced radiotherapy machines, including linear accelerators, computed tomography (CT) simulators and brachytherapy units, to public and private hospitals. Through its integrated service model, Concord Medical Services delivers treatment planning, machine maintenance and clinical support to enhance the precision and effectiveness of cancer therapies.
Founded in 1997 and headquartered in Beijing, Concord Medical Services has developed an extensive network of oncology centers across major cities and provinces in China.
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