Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Drops By 81.7%

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 29,682 shares, a drop of 81.7% from the December 31st total of 162,112 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 38,996 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 38,996 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

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, the company has an average rating of “Sell”.

Zhongchao Stock Down 7.2%

Shares of NASDAQ ZCMD opened at $0.43 on Wednesday. Zhongchao has a twelve month low of $0.35 and a twelve month high of $1.59. The business has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $0.81.

Zhongchao (NASDAQ:ZCMD) last announced its quarterly earnings results on Monday, September 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $2.80 million during 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.