Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Update

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZCMD. Weiss Ratings upgraded Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Zhongchao to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Zhongchao Trading Down 12.1%

Zhongchao stock traded down $0.17 during mid-day trading on Monday, hitting $1.23. The company had a trading volume of 3,403,762 shares, compared to its average volume of 2,135,256. Zhongchao has a 12-month low of $0.80 and a 12-month high of $967.20. The company’s fifty day moving average is $25.51 and its 200-day moving average is $148.93.

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.