Cross Country Healthcare, Inc. (NASDAQ:CCRN) Sees Significant Growth in Short Interest

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,080,000 shares, an increase of 71.1% from the March 15th total of 1,800,000 shares. Approximately 10.0% of the shares of the stock are short sold. Based on an average daily volume of 462,200 shares, the days-to-cover ratio is presently 6.7 days.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of CCRN. Quadrant Capital Group LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth about $25,000. Plato Investment Management Ltd bought a new stake in Cross Country Healthcare during the fourth quarter worth $46,000. Virtu Financial LLC bought a new stake in Cross Country Healthcare during the third quarter worth $153,000. Mint Tower Capital Management B.V. bought a new position in Cross Country Healthcare in the 4th quarter valued at $182,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at $201,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CCRN. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a research report on Sunday. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare has an average rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock traded down $0.04 during mid-day trading on Thursday, reaching $14.23. The stock had a trading volume of 47,876 shares, compared to its average volume of 443,000. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $18.50. The stock’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $15.24. The firm has a market capitalization of $466.93 million, a PE ratio of -284.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.