Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Down 7.7% in October

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,870,000 shares, a drop of 7.7% from the October 15th total of 3,110,000 shares. Based on an average daily trading volume, of 770,400 shares, the short-interest ratio is presently 3.7 days. Approximately 9.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare in the 3rd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cross Country Healthcare in the 3rd quarter valued at approximately $49,000. nVerses Capital LLC purchased a new position in shares of Cross Country Healthcare during the 2nd quarter valued at $50,000. Point72 DIFC Ltd purchased a new position in shares of Cross Country Healthcare during the 3rd quarter valued at $52,000. Finally, Gladius Capital Management LP grew its position in shares of Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 2.0 %

NASDAQ:CCRN opened at $9.81 on Monday. The stock has a market capitalization of $322.95 million, a PE ratio of -196.16, a price-to-earnings-growth ratio of 1.87 and a beta of 0.65. The firm’s 50 day moving average is $12.52 and its 200 day moving average is $14.07. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $23.64.

Wall Street Analysts Forecast Growth

CCRN has been the topic of several recent research reports. Benchmark dropped their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial dropped their price target on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Barrington Research dropped their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Cross Country Healthcare presently has a consensus rating of “Hold” and an average price target of $18.50.

Cross Country Healthcare Company Profile

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.