Short Interest To Observe: Castlight Health Incorporated (NYSE:CSLT) Shorted Shares Increased 0.96% After Market Selling

November 30, 2016 - By Ellis Scott   ·   0 Comments

Short Interest To Observe: Castlight Health Incorporated (NYSE:CSLT) Shorted Shares Increased 0.96% After Market Selling

The stock of Castlight Health Incorporated (NYSE:CSLT) registered an increase of 0.96% in short interest. CSLT’s total short interest was 4.04 million shares in November as published by FINRA. Its up 0.96% from 4.01 million shares, reported previously. With 174,600 shares average volume, it will take short sellers 23 days to cover their CSLT’s short positions. The short interest to Castlight Health Incorporated’s float is 10.26%. About 46,447 shares traded hands. Castlight Health Inc (NYSE:CSLT) has risen 20.73% since April 27, 2016 and is uptrending. It has outperformed by 15.51% the S&P500.

Castlight Health, Inc. offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The company has a market cap of $455.36 million. The Firm operates through cloud products segment. It currently has negative earnings. The Company’s products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families.

Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.15, from 1.54 in 2016Q1. The ratio increased, as 6 funds sold all Castlight Health Inc shares owned while 22 reduced positions. 10 funds bought stakes while 33 increased positions. They now own 40.64 million shares or 0.35% more from 40.50 million shares in 2016Q1.
Manufacturers Life Insur The has 32,603 shares for 0% of their US portfolio. Price T Rowe Associates Md has 0% invested in the company for 14,000 shares. Ptnrs Limited Liability Co holds 0.01% or 46,030 shares in its portfolio. Stifel accumulated 0% or 38,330 shares. Next Financial Grp Incorporated reported 100 shares or 0% of all its holdings. State Street Corp accumulated 587,988 shares or 0% of the stock. Redmile Grp Inc Ltd Liability reported 10,229 shares or 0% of all its holdings. Bancorporation Of America Corp De has 0% invested in the company for 4,455 shares. Blackrock Fund Advsr holds 0% of its portfolio in Castlight Health Inc (NYSE:CSLT) for 1.06 million shares. Swiss Natl Bank holds 71,650 shares or 0% of its portfolio. Eventide Asset Mngmt Limited Liability Corp holds 0.41% of its portfolio in Castlight Health Inc (NYSE:CSLT) for 1.71 million shares. Renaissance Ltd Limited Liability Company owns 515,900 shares or 0% of their US portfolio. Wells Fargo Company Mn has invested 0% of its portfolio in Castlight Health Inc (NYSE:CSLT). Barclays Public Limited Company has invested 0% of its portfolio in Castlight Health Inc (NYSE:CSLT). The Australia-based Westpac has invested 0% in Castlight Health Inc (NYSE:CSLT).

Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 14 insider sales for $797,516 net activity. 8,286 shares were sold by Rende Jonathan, worth $35,186 on Monday, August 15. $14,241 worth of Castlight Health Inc (NYSE:CSLT) was sold by DOYLE JOHN C on Monday, August 15. McCracken John sold $26,808 worth of stock or 5,570 shares. Colella Giovanni M. had sold 3,761 shares worth $15,857 on Monday, August 15. Shares for $1,074 were sold by Nolan Mangini Siobhan on Thursday, November 17.

Castlight Health Inc (NYSE:CSLT) Ratings Coverage

Out of 6 analysts covering Castlight Health (NYSE:CSLT), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Castlight Health has been the topic of 12 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The stock of Castlight Health Inc (NYSE:CSLT) earned “Buy” rating by Stifel Nicolaus on Thursday, February 18. The stock of Castlight Health Inc (NYSE:CSLT) earned “Mkt Perform” rating by Leerink Swann on Thursday, November 5. The firm has “Buy” rating given on Thursday, February 18 by Topeka Capital Markets. The firm has “Overweight” rating by First Analysis given on Friday, October 9. The company was initiated on Wednesday, December 16 by Topeka Capital Markets. The stock of Castlight Health Inc (NYSE:CSLT) earned “Mkt Perform” rating by FBR Capital on Wednesday, May 11. FBR Capital initiated Castlight Health Inc (NYSE:CSLT) on Wednesday, November 18 with “Mkt Perform” rating. Stifel Nicolaus maintained it with “Buy” rating and $7 target price in Thursday, November 5 report.

CSLT Company Profile

Castlight Health, Inc., incorporated on January 31, 2008, offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Firm operates through cloud products segment. The Company’s technology offering aggregates data and applies analytics to make healthcare data transparent. The Company’s products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families. The Company’s health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that integrates benefit programs and engages employees through personalized and relevant communications. The Company’s offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis. It obtains external data from a range of sources, such as healthcare providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data it generates from the usage of its products. It applies data science techniques, including predictive modeling and epidemiological analytics that engage its database to drive insights.

More notable recent Castlight Health Inc (NYSE:CSLT) news were published by: Fool.com which released: “Why Castlight Health Inc. Is SkyrocketingToday” on May 18, 2016, also Fool.com with their article: “Why Castlight Health Inc Is Surging Today” published on August 09, 2016, Fool.com published: “Castlight Health Jumped 12.1% in August — Here’s Why” on September 09, 2016. More interesting news about Castlight Health Inc (NYSE:CSLT) were released by: Seekingalpha.com and their article: “Very Negative Outlook For Castlight Health” published on February 03, 2016 as well as Seekingalpha.com‘s news article titled: “Castlight Health Remains On The Same Bad Track” with publication date: March 03, 2016.

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By Ellis Scott


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