Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Update

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,230,000 shares, an increase of 23.3% from the November 30th total of 2,620,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 10.6% of the shares of the company are sold short.

Cross Country Healthcare Stock Up 0.2 %

Cross Country Healthcare stock traded up $0.04 during mid-day trading on Tuesday, hitting $18.10. The company’s stock had a trading volume of 67,411 shares, compared to its average volume of 602,718. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64. The stock’s fifty day moving average price is $13.69 and its two-hundred day moving average price is $14.09. The stock has a market capitalization of $595.80 million, a P/E ratio of -361.93, a P/E/G ratio of 3.39 and a beta of 0.61.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in shares of Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after purchasing an additional 165,032 shares during the period. Dimensional Fund Advisors LP lifted its stake in Cross Country Healthcare by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after buying an additional 24,363 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after buying an additional 130,746 shares during the period. State Street Corp increased its position in shares of Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after acquiring an additional 6,582 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Cross Country Healthcare by 51.4% during the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after acquiring an additional 384,374 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Monday. They set a “hold” rating on the stock. Truist Financial boosted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.54.

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.