Concord Medical Services Holdings Limited (NYSE:CCM) Short Interest Down 60.1% in July

Concord Medical Services Holdings Limited (NYSE:CCM) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,980 shares, a decline of 60.1% from the June 30th total of 7,461 shares. Based on an average daily volume of 77,063 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Concord Medical Services Stock Performance

CCM opened at $4.24 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.46 and a current ratio of 0.48. The company’s fifty day moving average price is $4.69 and its two-hundred day moving average price is $4.27. Concord Medical Services has a 1-year low of $3.18 and a 1-year high of $6.98.

Concord Medical Services (NYSE:CCM) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($1.08) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Concord Medical Services in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Concord Medical Services

Concord Medical Services Holdings Limited is one of China’s leading providers of radiotherapy equipment and oncology services. The company specializes in supplying and operating advanced radiotherapy machines, including linear accelerators, computed tomography (CT) simulators and brachytherapy units, to public and private hospitals. Through its integrated service model, Concord Medical Services delivers treatment planning, machine maintenance and clinical support to enhance the precision and effectiveness of cancer therapies.

Founded in 1997 and headquartered in Beijing, Concord Medical Services has developed an extensive network of oncology centers across major cities and provinces in China.