Zhongchao Inc. (NASDAQ:ZCMD) Shares Shorted: Short Interest Down 81.4% in October

Zhongchao Inc. (NASDAQ:ZCMD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 79,926 shares, a drop of 81.4% from the September 30th total of 429,844 shares. Currently, 19.4% of the company’s shares are short sold. Based on an average daily trading volume, of 156,247 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

ZCMD has been the topic of a number of research reports. Weiss Ratings downgraded shares of Zhongchao from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Wall Street Zen lowered shares of Zhongchao from a “hold” rating to a “sell” rating in a research note on Sunday, October 11th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Zhongchao presently has a consensus rating of “Sell”.

Zhongchao Stock Down 9.3%

Shares of Zhongchao stock opened at $1.17 on Tuesday. The business has a 50-day simple moving average of $1.68 and a 200 day simple moving average of $203.78. Zhongchao has a one year low of $1.16 and a one year high of $1,443.36.

About Zhongchao

Zhongchao Inc (NASDAQ:ZCMD) is a China-based healthcare technology company that provides online healthcare information and education services. Its platform is designed to connect medical professionals with educational content, industry information and other digital resources.

The company focuses on supporting healthcare professionals through continuing medical education and related online programs, with an emphasis on improving access to medical knowledge and professional development. Zhongchao also provides health-related information and services intended to support patients and broader healthcare communication.

Zhongchao primarily serves healthcare professionals, patients and other participants in China’s healthcare sector through its digital platforms.