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

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) was the target of a large increase in short interest in the month of 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. Approximately 10.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On Cross Country Healthcare

A number of large investors have recently made changes to their positions in CCRN. Pacer Advisors Inc. lifted 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 worth $62,984,000 after buying an additional 165,032 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cross Country Healthcare by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider's stock worth $32,662,000 after acquiring an additional 24,363 shares during the period. Systematic Financial Management LP boosted its position in shares of Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock valued at $22,347,000 after acquiring an additional 130,746 shares during the last quarter. State Street Corp grew its holdings 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 valued at $17,934,000 after purchasing an additional 6,582 shares during the period. Finally, Royce & Associates LP increased 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 worth $15,222,000 after purchasing an additional 384,374 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Price Performance

CCRN traded up $0.10 on Tuesday, reaching $18.16. 252,071 shares of the company's stock were exchanged, compared to its average volume of 603,476. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64. The stock has a market cap of $597.77 million, a PE ratio of -363.13, a P/E/G ratio of 3.39 and a beta of 0.61. The stock's fifty day moving average price is $13.69 and its 200-day moving average price is $14.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barrington Research reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. StockNews.com started coverage on shares of Cross Country Healthcare in a report on Monday. They issued a "hold" rating for the company. Benchmark downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. 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. Finally, Truist Financial upped their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.