Concord Medical Services Holdings Limited (NYSE:CCM – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,578 shares, an increase of 63.3% from the July 30th total of 4,641 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 117,289 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
CCM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Concord Medical Services to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Concord Medical Services in a report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
Concord Medical Services Stock Performance
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.
Further Reading
- Five stocks we like better than Concord Medical Services
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
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.
