Short Interest to Follow: Could Community Health Systems Incorporated New (NYSE:CYH) Go Up After Its Newest Short Interest Report?

November 28, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest to Follow: Could Community Health Systems Incorporated New (NYSE:CYH) Go Up After Its Newest Short Interest Report?

The stock of Community Health Systems Incorporated New (NYSE:CYH) registered an increase of 1.28% in short interest. CYH’s total short interest was 27.57M shares in November as published by FINRA. Its up 1.28% from 27.22 million shares, reported previously. With 10.06M shares average volume, it will take short sellers 3 days to cover their CYH’s short positions. The short interest to Community Health Systems Incorporated New’s float is 36.99%. About 3.31 million shares traded hands. Community Health Systems (NYSE:CYH) has declined 69.63% since April 25, 2016 and is downtrending. It has underperformed by 75.64% the S&P500.

Community Health Systems, Inc. is an operator of general acute care hospitals in communities. The company has a market cap of $615.16 million. 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.

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.52, from 1.4 in 2016Q1. The ratio worsened, 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.
California Public Employees Retirement System holds 637,796 shares or 0.01% of its portfolio. Neuberger Berman Grp Inc Ltd Limited Liability Company holds 0% of its portfolio in Community Health Systems (NYSE:CYH) for 70,103 shares. Aperio Group Incorporated Lc has invested 0% of its portfolio in Community Health Systems (NYSE:CYH). Sei Invests Com, a Pennsylvania-based fund reported 2,409 shares. Teachers Advisors owns 177,569 shares or 0% of their US portfolio. Proshare Ltd Llc reported 28,218 shares or 0% of all its holdings. Teacher Retirement Sys Of Texas holds 0% or 15,806 shares in its portfolio. Citigroup has invested 0.01% of its portfolio in Community Health Systems (NYSE:CYH). Qcm Cayman Ltd owns 20,300 shares or 0.11% of their US portfolio. Hsbc Plc accumulated 0% or 140,377 shares. Old Mutual Global (Uk) Ltd holds 0.2% of its portfolio in Community Health Systems (NYSE:CYH) for 892,393 shares. Strs Ohio holds 0% of its portfolio in Community Health Systems (NYSE:CYH) for 78,000 shares. Connor Clark And Lunn Investment Management Limited reported 886,649 shares or 0.08% of all its holdings. Victory Cap Incorporated accumulated 0% or 4 shares. Janney Montgomery Scott Limited Liability Corp accumulated 21,519 shares or 0% of the stock.

Insider Transactions: Since June 13, 2016, the stock had 1 insider purchase, and 1 insider sale for $9.47 million net activity. Chen Tian Qiao bought 929,813 shares worth $9.55M. On Monday, June 13 the insider WATSON H MITCHELL JR sold $75,163.

Community Health Systems (NYSE:CYH) Ratings Coverage

Out of 19 analysts covering Community Health (NYSE:CYH), 2 rate it a “Buy”, 7 “Sell”, while 10 “Hold”. This means 11% are positive. Community Health has been the topic of 51 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Tuesday, May 24 by Morgan Stanley. The company was maintained on Wednesday, November 4 by Oppenheimer. RBC Capital Markets maintained Community Health Systems (NYSE:CYH) rating on Wednesday, November 4. RBC Capital Markets has “Outperform” rating and $45 price target. The firm earned “Neutral” rating on Friday, August 5 by Citigroup. As per Wednesday, November 4, the company rating was downgraded by Leerink Swann. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, August 4. The firm has “Neutral” rating by Robert W. Baird given on Monday, October 26. The rating was initiated by Citigroup on Friday, October 2 with “Neutral”. The firm has “Neutral” rating given on Thursday, October 22 by Bank of America. The firm has “Outperform” rating given on Wednesday, August 5 by RBC Capital Markets.

CYH Company Profile

Community Health Systems, Inc., incorporated on June 6, 1996, is an operator of general acute care hospitals in communities. 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. The Firm operates through two divisions: hospital activities and home care agencies operations. The hospital activities include its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The home care agencies activities provide in-home outpatient care. The Company’s services include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. Through its subsidiaries, the Company owns, leases or operates 160 affiliated hospitals in 22 states with an aggregate of approximately 27,000 licensed beds.

More notable recent Community Health Systems (NYSE:CYH) news were published by: Wsj.com which released: “Community Health Systems Expanding Sale of Hospitals” on November 02, 2016, also Wsj.com with their article: “Community Health Systems Swings to Loss” published on November 01, 2016, Fool.com published: “Hospital Stocks Tenet Healthcare Corp. and Community Health Systems Are …” on November 15, 2016. More interesting news about Community Health Systems (NYSE:CYH) were released by: Nasdaq.com and their article: “Community Health (CYH) to Vend Rockwood Health System” published on November 18, 2016 as well as Streetinsider.com‘s news article titled: “Moody’s Changes Outlook on Community Health Systems (CYH) to Negative; SGL …” with publication date: November 21, 2016.

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By Marie Mckinney


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