Zhongchao Inc. (NASDAQ:ZCMD) Sees Significant Increase in Short Interest

Zhongchao Inc. (NASDAQ:ZCMD) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 80,048 shares, a growth of 226.8% from the April 30th total of 24,496 shares. Based on an average daily volume of 18,262 shares, the short-interest ratio is presently 4.4 days. Currently, 2.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhongchao in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Zhongchao Price Performance

Shares of Zhongchao stock traded down $0.33 on Friday, reaching $0.21. The company had a trading volume of 109,168,653 shares, compared to its average volume of 1,182,377. The firm’s 50 day moving average price is $1.79 and its two-hundred day moving average price is $2.95. Zhongchao has a 52-week low of $0.08 and a 52-week high of $12.18.

Zhongchao (NASDAQ:ZCMD) last released its quarterly earnings results on Friday, April 3rd. The company reported ($0.76) earnings per share (EPS) for the quarter. The firm had revenue of $2.89 million for 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.