Short Interest To Observe: What’s Propelling Amedisys Incorporated (NASDAQ:AMED) After Higher Shorts Reported?

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest To Observe: What’s Propelling Amedisys Incorporated (NASDAQ:AMED) After Higher Shorts Reported?

The stock of Amedisys Incorporated (NASDAQ:AMED) registered an increase of 76.96% in short interest. AMED’s total short interest was 1.61M shares in November as published by FINRA. Its up 76.96% from 911,400 shares, reported previously. With 324,000 shares average volume, it will take short sellers 5 days to cover their AMED’s short positions. The short interest to Amedisys Incorporated’s float is 4.92%. The stock increased 1.76% or $0.71 on November 23, hitting $41.07. About 100,059 shares traded hands. Amedisys Inc (NASDAQ:AMED) has declined 20.21% since April 22, 2016 and is downtrending. It has underperformed by 25.62% the S&P500.

Amedisys, Inc. is a provider of home health and hospice services. The company has a market cap of $1.38 billion. The Firm offers home health services to the chronic, co-morbid, aging American population. It has a 33.4 P/E ratio. The Firm operates through three divisions: home health, hospice and personal care.

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.06, from 0.88 in 2016Q1. The ratio worsened, as 23 funds sold all Amedisys Inc shares owned while 55 reduced positions. 17 funds bought stakes while 52 increased positions. They now own 29.42 million shares or 0.50% more from 29.27 million shares in 2016Q1.
Tci Wealth Advisors last reported 0% of its portfolio in the stock. Meeder Asset Mngmt has 1,906 shares for 0.01% of their US portfolio. Moreover, Natl Bank Of America De has 0% invested in Amedisys Inc (NASDAQ:AMED) for 2,784 shares. M&T Financial Bank Corporation has invested 0% of its portfolio in Amedisys Inc (NASDAQ:AMED). Oxford Asset Mgmt has 76,623 shares for 0.16% of their US portfolio. Alliancebernstein L P accumulated 43,038 shares or 0% of the stock. First Midwest Bankshares Tru Division holds 0.22% of its portfolio in Amedisys Inc (NASDAQ:AMED) for 35,034 shares. Blackrock has 135,066 shares for 0.01% of their US portfolio. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Amedisys Inc (NASDAQ:AMED) for 13,667 shares. Creative Planning has invested 0% of its portfolio in Amedisys Inc (NASDAQ:AMED). Citigroup Inc accumulated 0% or 12,109 shares. Lombard Odier Asset Mngmt (Switzerland) has 0.74% invested in the company for 107,785 shares. Thrivent For Lutherans, a Minnesota-based fund reported 13,713 shares. Comerica National Bank & Trust owns 28,044 shares or 0.01% of their US portfolio. Northern Trust Corporation holds 756,366 shares or 0.01% of its portfolio.

Amedisys Inc (NASDAQ:AMED) Ratings Coverage

Out of 9 analysts covering Amedisys Inc. (NASDAQ:AMED), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Amedisys Inc. has been the topic of 13 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer with “Outperform” on Thursday, March 10. As per Tuesday, September 1, the company rating was initiated by Wells Fargo. The stock of Amedisys Inc (NASDAQ:AMED) earned “Market Perform” rating by Obsidian Research Group on Tuesday, April 5. The company was maintained on Friday, May 6 by RBC Capital Markets. Robert W. Baird maintained Amedisys Inc (NASDAQ:AMED) rating on Wednesday, January 13. Robert W. Baird has “Neutral” rating and $39 price target. The stock of Amedisys Inc (NASDAQ:AMED) has “Mkt Perform” rating given on Monday, January 11 by Raymond James. The firm has “Buy” rating given on Tuesday, January 19 by Mizuho. The firm has “Equal-Weight” rating given on Friday, June 17 by Stephens. Oppenheimer upgraded Amedisys Inc (NASDAQ:AMED) on Monday, February 8 to “Outperform” rating. The firm earned “Buy” rating on Monday, November 7 by Mizuho.

AMED Company Profile

Amedisys, Inc. (Amedisys), incorporated on June 28, 1994, is a well-known provider of home health and hospice services. The Firm offers home health services to the chronic, co-morbid, aging American population. The Firm operates through three divisions: home health, hospice and personal care. The Firm owns and operates approximately 330 Medicare-certified home healthcare centers, over 80 Medicare-certified hospice care centers and approximately nine personal-care care centers in over 34 states within the United States, the District of Columbia and Puerto Rico.

Another recent and important Amedisys Inc (NASDAQ:AMED) news was published by Prnewswire.com which published an article titled: “Amedisys, Inc. partners with Strategic Healthcare Programs (SHP) for insights …” on March 30, 2016.

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By Pete Kolinski


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