Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Update

Zhongchao Inc. (NASDAQ:ZCMD) saw a significant 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. Based on an average daily trading volume, of 3,541,087 shares, the days-to-cover ratio is currently 0.0 days. Currently, 21.3% of the company’s shares are short sold.

Zhongchao Stock Down 11.2%

NASDAQ:ZCMD traded down $0.05 during mid-day trading on Thursday, reaching $0.36. 436,453 shares of the company’s stock traded hands, compared to its average volume of 390,785. Zhongchao has a 12-month low of $0.35 and a 12-month high of $322.62. The company has a 50 day moving average price of $34.55 and a 200-day moving average price of $70.87.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.