Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Increases By 1,922.8%

Zhongchao Inc. (NASDAQ:ZCMD) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 378,497 shares, a growth of 1,922.8% from the June 15th total of 18,712 shares. Based on an average trading volume of 3,228,918 shares, the short-interest ratio is presently 0.1 days. Currently, 45.9% of the company’s stock are sold short.

Zhongchao Stock Up 0.5%

Zhongchao stock traded up $0.01 during midday trading on Friday, reaching $2.03. The stock had a trading volume of 3,830,753 shares, compared to its average volume of 4,987,100. The firm’s fifty day simple moving average is $57.95 and its 200-day simple moving average is $177.26. Zhongchao has a 1-year low of $0.80 and a 1-year high of $967.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

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.