Zhongchao Inc. (NASDAQ:ZCMD – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 79,926 shares, a decrease of 81.4% from the September 30th total of 429,844 shares. Based on an average trading volume of 156,247 shares, the short-interest ratio is presently 0.5 days. Currently, 19.4% of the company’s stock are sold short.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ZCMD shares. Wall Street Zen downgraded Zhongchao from a “hold” rating to a “sell” rating in a research note on Sunday, October 11th. Weiss Ratings downgraded Zhongchao from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.
View Our Latest Stock Report on Zhongchao
Zhongchao Stock Down 9.3%
Shares of ZCMD stock opened at $1.17 on Tuesday. Zhongchao has a 52-week low of $1.16 and a 52-week high of $1,443.36. The company has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $203.78.
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.
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