Short Interest in Zhongchao Inc. (NASDAQ:ZCMD) Grows By 67.9%

Zhongchao Inc. (NASDAQ:ZCMD) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 595,362 shares, a growth of 67.9% from the August 15th total of 354,594 shares. Based on an average trading volume of 4,630,564 shares, the days-to-cover ratio is presently 0.1 days. Currently, 72.2% of the company’s shares are short sold.

Analysts Set New Price Targets

ZCMD has been the subject of several research analyst reports. Wall Street Zen lowered Zhongchao from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Zhongchao Trading Down 3.5%

Shares of NASDAQ ZCMD opened at $0.76 on Friday. The stock has a fifty day moving average price of $1.14 and a 200 day moving average price of $72.97. Zhongchao has a 12-month low of $0.71 and a 12-month high of $967.20.

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.