Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Down 97.7% in June

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 18,712 shares, a decline of 97.7% from the May 31st total of 798,740 shares. Currently, 21.3% of the shares of the company are sold short. Based on an average daily volume of 3,541,087 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

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

Zhongchao Price Performance

Shares of NASDAQ:ZCMD opened at $0.36 on Friday. Zhongchao has a 12 month low of $0.35 and a 12 month high of $322.62. The stock’s 50 day moving average price is $33.34 and its 200 day moving average price is $69.72.

Shares of Zhongchao are set to reverse split before the market opens on Monday, June 29th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 28th.

Zhongchao (NASDAQ:ZCMD) last issued its quarterly earnings results on Friday, April 3rd. The company reported ($23.72) earnings per share (EPS) for the quarter. The business had revenue of $2.89 million during the quarter.

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. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.