Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Down 38.3% in October

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 81,700 shares, a drop of 38.3% from the September 30th total of 132,400 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 254,200 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 254,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Zhongchao Trading Up 1.2%

NASDAQ:ZCMD opened at $0.68 on Friday. The stock has a fifty day moving average price of $0.97 and a 200 day moving average price of $1.07. Zhongchao has a 12-month low of $0.60 and a 12-month high of $2.50.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhongchao in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zhongchao presently has an average 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.