Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Update

Zhongchao Inc. (NASDAQ:ZCMD) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 378,497 shares, a growth of 1,922.8% from the June 15th total of 18,712 shares. Approximately 45.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,228,918 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Zhongchao Stock Performance

Shares of NASDAQ:ZCMD traded up $0.01 during trading on Friday, reaching $2.03. The stock had a trading volume of 3,830,753 shares, compared to its average volume of 4,987,100. The business has a fifty day moving average price of $57.95 and a 200-day moving average price of $177.26. Zhongchao has a fifty-two week low of $0.80 and a fifty-two week high of $967.20.

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.