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

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,620,000 shares, a decline of 7.7% from the November 15th total of 2,840,000 shares. Based on an average trading volume of 1,040,000 shares, the short-interest ratio is currently 2.5 days. Approximately 8.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. William Blair cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Truist Financial lifted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research note on Thursday, December 5th. Benchmark lowered Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Barrington Research reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on Cross Country Healthcare in a report on Saturday. They set a "hold" rating for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare has a consensus rating of "Hold" and an average target price of $18.54.

Cross Country Healthcare Price Performance

CCRN stock traded down $0.13 during mid-day trading on Monday, hitting $17.93. 1,624,482 shares of the stock were exchanged, compared to its average volume of 609,195. The business has a fifty day moving average price of $12.48 and a 200 day moving average price of $13.83. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $23.64. The stock has a market capitalization of $590.20 million, a price-to-earnings ratio of -358.60, a PEG ratio of 3.39 and a beta of 0.61.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cross Country Healthcare in the 3rd quarter worth approximately $7,350,000. Royce & Associates LP boosted its position in 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 buying an additional 384,374 shares during the period. Pacer Advisors Inc. boosted its position in Cross Country Healthcare by 3.8% during the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider's stock valued at $62,984,000 after buying an additional 165,032 shares during the period. Jane Street Group LLC grew its stake in shares of Cross Country Healthcare by 337.6% during the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock valued at $2,439,000 after buying an additional 140,013 shares during the last quarter. Finally, Systematic Financial Management LP increased 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. Hedge funds and other institutional investors own 96.03% of the company's stock.

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.