Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Up 18.8% in November

Concord Medical Services Holdings Limited (NYSE:CCM) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,800 shares, a growth of 18.8% from the November 15th total of 3,200 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Concord Medical Services Trading Up 8.8 %

CCM stock opened at $4.95 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. Concord Medical Services has a 12 month low of $3.82 and a 12 month high of $26.70. The firm has a 50-day moving average of $6.11 and a two-hundred day moving average of $6.94.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Concord Medical Services in a research note on Tuesday, December 10th. They issued 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.