Short Interest in Concord Medical Services Holdings Limited (NYSE:CCM) Decreases By 72.2%

Concord Medical Services Holdings Limited (NYSE:CCM) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,200 shares, a drop of 72.2% from the October 31st total of 11,500 shares. Based on an average daily volume of 8,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Concord Medical Services Price Performance

NYSE:CCM traded down $0.02 during trading hours on Wednesday, hitting $4.93. 497 shares of the company’s stock traded hands, compared to its average volume of 16,462. Concord Medical Services has a twelve month low of $3.82 and a twelve month high of $26.70. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $7.01.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Concord Medical Services in a research note on Sunday. They set a “sell” rating on the stock.

About Concord Medical Services

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services.