The stock of Community Health Systems Incorporated New (NYSE:CYH) registered an increase of 8.64% in short interest. CYH’s total short interest was 27.75M shares in September as published by FINRA. Its up 8.64% from 25.54M shares, reported previously. With 3.75M shares average volume, it will take short sellers 7 days to cover their CYH’s short positions. The short interest to Community Health Systems Incorporated New’s float is 35.19%. About 3.14 million shares traded hands. Community Health Systems (NYSE:CYH) has declined 26.88% since February 8, 2016 and is downtrending. It has underperformed by 43.37% the S&P500.
Community Health Systems, Inc. is an operator of general acute care hospitals in communities. The company has a market cap of $1.25 billion. The Firm provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets throughout the United States. It currently has negative earnings. The Firm operates through two divisions: hospital activities and home care agencies operations.
The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.69, from 0.71 in 2016Q1. The ratio increased, as 35 funds sold all Community Health Systems shares owned while 66 reduced positions. 36 funds bought stakes while 105 increased positions. They now own 118.59 million shares or 17.01% more from 101.36 million shares in 2016Q1.
Accipiter Capital Management Llc holds 14.09% of its portfolio in Community Health Systems for 1.43 million shares. Shanda Asset Management Holdings Ltd owns 4.98 million shares or 11.55% of their US portfolio. Moreover, North Tide Capital Llc has 5.37% invested in the company for 4.00 million shares. The Illinois-based William Harris Investors Inc has invested 2.85% in the stock. Snow Capital Management Lp, a Pennsylvania-based fund reported 3.79 million shares.
Out of 19 analysts covering Community Health Systems (NYSE:CYH), 2 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 11% are positive. Community Health Systems has been the topic of 41 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on August 5 with “Neutral” rating.
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