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

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 76,847 shares, a drop of 79.7% from the June 30th total of 378,497 shares. Based on an average daily volume of 7,068,348 shares, the short-interest ratio is currently 0.0 days. Currently, 9.3% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZCMD. Wall Street Zen upgraded Zhongchao to a “sell” rating in a report on Saturday. Weiss Ratings raised shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Zhongchao News Roundup

Here are the key news stories impacting Zhongchao this week:

• Positive Sentiment: Short interest in Zhongchao fell sharply in July, dropping 79.7% to 76,847 shares by July 15, which could reduce bearish pressure on the stock.
• Neutral Sentiment: Zhongchao was highlighted in a TipRanks article on penny stocks to watch, which may have increased trading interest but does not by itself change fundamentals. Article Title
• Neutral Sentiment: The stock experienced repeated LULD-related trading halts on July 23, signaling extreme volatility and heavy speculative trading rather than a specific operational development.
• Negative Sentiment: The company announced a registered direct offering of 4,545,455 Class A ordinary shares, or pre-funded warrants, at $1.10 per share, a move that may dilute shareholders and pressure the stock. Article Title

Zhongchao Stock Down 19.1%

Shares of NASDAQ ZCMD opened at $1.40 on Friday. Zhongchao has a 1 year low of $0.80 and a 1 year high of $967.20. The business has a 50-day moving average of $25.51 and a two-hundred day moving average of $150.62.

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.