If the drawing is to the ISO 1101 standard - the Concentricity is interpreted like Position tolerance.
If the drawing is to the ASME/ANSI standards - it would be an incorrect application. ASME/ANSI Concentricity tolerance is the condition where the median points of all opposed points or surface elements of a feature of size are contained within a circular tolerance boundary defined about the specified datum axis. Which a thread feature cannot be measure to.