Cross Country Healthcare, Inc. (NASDAQ:CCRN) Sees Significant Decline in Short Interest

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,620,000 shares, a drop of 7.7% from the November 15th total of 2,840,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 2.5 days. Approximately 8.6% of the shares of the company are short sold.

Cross Country Healthcare Trading Down 0.5 %

Shares of CCRN traded down $0.09 during mid-day trading on Monday, reaching $17.97. The company’s stock had a trading volume of 649,713 shares, compared to its average volume of 604,975. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64. The business has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $13.83. The stock has a market cap of $591.52 million, a P/E ratio of -361.20, a PEG ratio of 3.39 and a beta of 0.61.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CCRN shares. StockNews.com assumed coverage on Cross Country Healthcare in a research report on Saturday. They set a “hold” rating on the stock. Truist Financial raised their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.54.

Hedge Funds Weigh In On Cross Country Healthcare

Large investors have recently bought and sold shares of the company. PDT Partners LLC acquired a new stake in Cross Country Healthcare in the third quarter valued at $856,000. Royce & Associates LP increased its stake in shares of Cross Country Healthcare by 51.4% in the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares during the period. Systematic Financial Management LP lifted its stake in shares of Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after acquiring an additional 130,746 shares during the period. BNP Paribas Financial Markets boosted its holdings in Cross Country Healthcare by 288.0% in the third quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock valued at $739,000 after acquiring an additional 40,799 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $1,128,000. 96.03% of the stock is currently owned by institutional investors.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.