Zhongchao Inc. (NASDAQ:ZCMD) Sees Large Decline in Short Interest

Zhongchao Inc. (NASDAQ:ZCMD) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 32,299 shares, a drop of 77.6% from the February 26th total of 143,892 shares. Based on an average daily volume of 26,653 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.4% of the company’s stock are sold short.

Zhongchao Trading Down 1.1%

ZCMD opened at $1.78 on Friday. The business’s 50-day moving average is $2.29 and its two-hundred day moving average is $4.70. Zhongchao has a 1 year low of $1.44 and a 1 year high of $12.18.

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