Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Update

Zhongchao Inc. (NASDAQ:ZCMD) was the target of a large 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. Currently, 2.9% of the company’s shares are short sold. Based on an average trading volume of 18,262 shares, the short-interest ratio is currently 4.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhongchao in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Zhongchao Price Performance

ZCMD traded down $0.33 during trading hours on Friday, hitting $0.21. 109,168,653 shares of the company’s stock were exchanged, compared to its average volume of 1,182,377. Zhongchao has a 12-month low of $0.08 and a 12-month high of $12.18. The firm has a 50 day moving average of $1.79 and a 200 day moving average of $2.95.

Zhongchao (NASDAQ:ZCMD) last announced its earnings results on Friday, April 3rd. The company reported ($0.76) earnings per share for the quarter. The company 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.