Zhongchao Inc. (NASDAQ:ZCMD) Short Interest Up 476.6% in August

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 354,594 shares, a growth of 476.6% from the July 30th total of 61,499 shares. Currently, 43.0% of the company’s shares are short sold. Based on an average daily volume of 5,052,996 shares, the days-to-cover ratio is presently 0.1 days.

Zhongchao Price Performance

ZCMD stock opened at $0.73 on Wednesday. Zhongchao has a 1-year low of $0.71 and a 1-year high of $967.20. The business’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $93.33.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZCMD. Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen upgraded shares of Zhongchao from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.