Zhongchao Inc. (NASDAQ:ZCMD) Sees Significant Increase in Short Interest

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 162,112 shares, a growth of 667.1% from the December 15th total of 21,132 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 678,817 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 678,817 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhongchao in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Zhongchao Trading Up 0.1%

Zhongchao stock opened at $0.57 on Wednesday. Zhongchao has a 1 year low of $0.35 and a 1 year high of $1.80. The firm’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.86.

Zhongchao (NASDAQ:ZCMD) last posted its earnings results on Monday, September 29th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $2.80 million for the quarter.

About Zhongchao

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. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.