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 January. As of January 15th, there was short interest totaling 29,682 shares, a drop of 81.7% from the December 31st total of 162,112 shares. Based on an average daily trading volume, of 38,996 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 38,996 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhongchao in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Zhongchao Trading Up 0.5%

Shares of Zhongchao stock opened at $0.43 on Thursday. The business’s fifty day moving average price is $0.55 and its 200 day moving average price is $0.80. Zhongchao has a twelve month low of $0.35 and a twelve month high of $1.59.

Zhongchao (NASDAQ:ZCMD) last released its quarterly earnings data on Monday, September 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $2.80 million during the quarter.

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.