Short Interest Alert: A Reversal for Adcare Health Systems Incorporated (NYSEMKT:ADK) Is Not Near. The Stock Has Rise in Shorts

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Alert: A Reversal for Adcare Health Systems Incorporated (NYSEMKT:ADK) Is Not Near. The Stock Has Rise in Shorts

The stock of Adcare Health Systems Incorporated (NYSEMKT:ADK) registered an increase of 3.29% in short interest. ADK’s total short interest was 556,200 shares in November as published by FINRA. Its up 3.29% from 538,500 shares, reported previously. With 33,000 shares average volume, it will take short sellers 17 days to cover their ADK’s short positions. The short interest to Adcare Health Systems Incorporated’s float is 3.69%. About 110 shares traded hands. AdCare Health Systems, Inc. (NYSEMKT:ADK) has declined 30.21% since April 21, 2016 and is downtrending. It has underperformed by 35.54% the S&P500.

AdCare Health Systems, Inc., through its subsidiaries, is a self-managed real estate investment firm that invests in real estate purposed for long-term care and senior living. The company has a market cap of $32.10 million. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities. It currently has negative earnings. The Firm owns, leases, or manages for third parties approximately 40 facilities mainly in the Southeast.

ADK Company Profile

AdCare Health Systems, Inc., incorporated on August 14, 1991, through its subsidiaries, is a self-managed real estate investment firm that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities. The Firm owns, leases, or manages for third parties approximately 40 facilities mainly in the Southeast. The Company’s portfolio consists of over 30 skilled nursing facilities, approximately two assisted living facilities and an independent living facility.

More important recent AdCare Health Systems, Inc. (NYSEMKT:ADK) news were published by: Marketwatch.com which released: “AdCare Health Systems Inc.” on November 11, 2010, also Prnewswire.com published article titled: “AdCare Health Systems Reports Second Quarter 2016 Results”, Seekingalpha.com published: “AdCare Health Systems’ (ADK) CEO Bill McBride on Q1 2016 Results – Earnings …” on May 17, 2016. More interesting news about AdCare Health Systems, Inc. (NYSEMKT:ADK) was released by: Prnewswire.com and their article: “AdCare Health Systems Reports Third Quarter 2016 Results” with publication date: November 14, 2016.

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By Clifton Ray


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