Short Interest Alert: Cotiviti Holdings Incorporated (NYSE:COTV) Sellers Increased By 18.23% Their Shorts

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Short Interest Alert: Cotiviti Holdings Incorporated (NYSE:COTV) Sellers Increased By 18.23% Their Shorts

The stock of Cotiviti Holdings Incorporated (NYSE:COTV) registered an increase of 18.23% in short interest. COTV’s total short interest was 805,400 shares in November as published by FINRA. Its up 18.23% from 681,200 shares, reported previously. With 163,000 shares average volume, it will take short sellers 5 days to cover their COTV’s short positions. The short interest to Cotiviti Holdings Incorporated’s float is 5.16%. The stock closed at $30.34 during the last session. It is down 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Cotiviti Holdings, Inc. is a provider of analytics-driven payment accuracy solutions. The company has a market cap of $2.64 billion. The Firm is focused primarily on the healthcare sector. It has a 80.41 P/E ratio. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment.

Cotiviti Holdings Inc (NYSE:COTV) Ratings Coverage

Out of 4 analysts covering Cotiviti (NYSE:COTV), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Cotiviti has been the topic of 4 analyst reports since August 11, 2016 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Thursday, August 11. The firm has “Overweight” rating given on Thursday, August 11 by Barclays Capital. The stock of Cotiviti Holdings Inc (NYSE:COTV) earned “Overweight” rating by JP Morgan on Friday, October 28. The rating was initiated by First Analysis on Tuesday, October 11 with “Overweight”.

COTV Company Profile

Cotiviti Holdings, Inc. is a well-known provider of analytics-driven payment accuracy solutions. The Firm is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Firm operates in two divisions: Healthcare, and Global Retail and Other. The Company, through its Healthcare segment, offers prospective and retrospective claims accuracy solutions to healthcare payers in the United States. The Firm also provides analytics solutions unrelated to its healthcare payment accuracy solutions in the United States. The Company, through its Global Retail and Other segment, provides retrospective claims accuracy solutions to retailers primarily in the United States, Canada and the United Kingdom, as well as solutions that manages payment networks for a range of clients.

More important recent Cotiviti Holdings Inc (NYSE:COTV) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on May 06, 2016, also Seekingalpha.com published article titled: “Sell Ahead Of Lock-Up Expiration: Cotiviti Holdings, Inc.”, Businesswire.com published: “Cotiviti Holdings, Inc. Announces Pricing of Initial Public Offering” on May 25, 2016. More interesting news about Cotiviti Holdings Inc (NYSE:COTV) was released by: Streetinsider.com and their article: “Cotiviti Holdings, Inc. (COTV) Tops Q3 EPS by 5c” with publication date: November 09, 2016.

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By Ruchi Gupta


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