Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Down 87.0% in March

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 8,100 shares, a decrease of 87.0% from the March 15th total of 62,500 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 332,100 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Zhongchao

A hedge fund recently raised its stake in Zhongchao stock. UBS Group AG grew its position in shares of Zhongchao Inc. (NASDAQ:ZCMD) by 249.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,430 shares of the company’s stock after purchasing an additional 18,147 shares during the quarter. UBS Group AG owned approximately 0.14% of Zhongchao worth $29,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.67% of the company’s stock.

Zhongchao Price Performance

NASDAQ:ZCMD opened at $1.60 on Thursday. The business’s fifty day moving average price is $2.59 and its 200 day moving average price is $5.85. Zhongchao has a 12 month low of $1.20 and a 12 month high of $14.00.

About Zhongchao

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.