Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Expands By 476.6%

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 354,594 shares, an increase of 476.6% from the July 30th total of 61,499 shares. Based on an average daily trading volume, of 5,052,996 shares, the short-interest ratio is presently 0.1 days. Approximately 43.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts recently commented on ZCMD shares. Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen upgraded shares of Zhongchao from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Zhongchao Stock Performance

Shares of NASDAQ:ZCMD opened at $0.92 on Friday. The business has a fifty day moving average of $1.37 and a 200-day moving average of $90.78. Zhongchao has a twelve month low of $0.71 and a twelve month high of $967.20.

Zhongchao Company Profile

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.