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

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,800,000 shares, a decline of 25.9% from the February 28th total of 2,430,000 shares. Based on an average daily trading volume, of 498,800 shares, the days-to-cover ratio is currently 3.6 days. Currently, 5.8% of the company's stock are sold short.

Cross Country Healthcare Stock Up 0.2 %

Shares of NASDAQ:CCRN traded up $0.03 during trading on Thursday, hitting $14.93. 69,460 shares of the stock traded hands, compared to its average volume of 593,547. The company has a fifty day moving average price of $16.85 and a two-hundred day moving average price of $15.24. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $18.50. The company has a market cap of $489.90 million, a price-to-earnings ratio of -298.54, a P/E/G ratio of 3.32 and a beta of 0.44.

Analyst Upgrades and Downgrades

CCRN has been the subject of a number of recent analyst reports. 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. StockNews.com initiated coverage on Cross Country Healthcare in a research note on Friday, March 28th. They issued a "hold" rating for the company. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Truist Financial increased 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 note on Thursday, December 5th. Finally, Barrington Research reiterated a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.41.

Institutional Investors Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its position 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 worth $2,439,000 after acquiring an additional 140,013 shares during the period. PDT Partners LLC acquired a new position in Cross Country Healthcare during the 3rd quarter worth $856,000. Barclays PLC increased its holdings in Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after purchasing an additional 43,372 shares during the period. Systematic Financial Management LP raised its position in Cross Country Healthcare by 8.5% in 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 purchasing an additional 130,746 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Cross Country Healthcare by 288.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider's stock valued at $739,000 after buying an additional 40,799 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.