Shorts On Watch: Cvs Health Corporation (NYSE:CVS) Has Increase in Shorts

November 30, 2016 - By Richard Conner   ·   0 Comments

Shorts On Watch: Cvs Health Corporation (NYSE:CVS) Has Increase in Shorts

The stock of Cvs Health Corporation (NYSE:CVS) registered an increase of 24.63% in short interest. CVS’s total short interest was 20.45 million shares in November as published by FINRA. Its up 24.63% from 16.41 million shares, reported previously. With 6.45 million shares average volume, it will take short sellers 3 days to cover their CVS’s short positions. The short interest to Cvs Health Corporation’s float is 1.92%. About 7.77M shares traded hands. CVS Health Corp (NYSE:CVS) has declined 26.11% since April 27, 2016 and is downtrending. It has underperformed by 31.34% the S&P500.

CVS Health Corporation, together with its subsidiaries , is a pharmacy company. The company has a market cap of $83.32 billion. The Firm operates through three business divisions: Pharmacy Services, Retail/LTC and Corporate. It has a 16.43 P/E ratio. The Firm offers a range of services and products, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare.

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.02, from 1 in 2016Q1. The ratio dropped, as 67 funds sold all CVS Health Corp shares owned while 574 reduced positions. 97 funds bought stakes while 544 increased positions. They now own 833.68 million shares or 6.91% less from 895.55 million shares in 2016Q1.
Sumitomo Life Insurance has 0.62% invested in the company for 46,937 shares. Liberty Mutual Asset Mngmt Inc, a Massachusetts-based fund reported 77,623 shares. Factory Mutual Ins, a Massachusetts-based fund reported 1.29M shares. Horan Llc last reported 28,345 shares in the company. Fagan has 12,246 shares for 0.75% of their US portfolio. Trust Department Mb Bancshares N A has 1.79% invested in the company for 138,433 shares. Baxter Bros accumulated 0.11% or 3,376 shares. Arcadia Corporation Mi, a Michigan-based fund reported 1,605 shares. Mirae Asset Glob Invests holds 0.99% or 401,293 shares in its portfolio. Moreover, Private Bankshares Com has 0.13% invested in CVS Health Corp (NYSE:CVS) for 8,637 shares. Twin Tree L P accumulated 1,202 shares or 0% of the stock. Mathes, a New York-based fund reported 10,734 shares. Lincoln has invested 0.04% of its portfolio in CVS Health Corp (NYSE:CVS). Royal London Asset Mgmt accumulated 362,055 shares or 0.57% of the stock. Ahl Ptnrs Limited Liability Partnership owns 4,530 shares or 0.02% of their US portfolio.

CVS Health Corp (NYSE:CVS) Ratings Coverage

Out of 15 analysts covering CVS Health (NYSE:CVS), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. CVS Health has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, July 22 by Deutsche Bank. The stock of CVS Health Corp (NYSE:CVS) earned “Overweight” rating by JP Morgan on Monday, November 2. The firm has “Outperform” rating by Robert W. Baird given on Friday, January 22. The stock of CVS Health Corp (NYSE:CVS) earned “Buy” rating by UBS on Thursday, October 6. Evercore reinitiated the shares of CVS in a report on Wednesday, August 19 with “Buy” rating. The rating was maintained by Oppenheimer with “Outperform” on Friday, August 28. RBC Capital Markets maintained CVS Health Corp (NYSE:CVS) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $132 price target. Oppenheimer maintained the stock with “Outperform” rating in Monday, November 2 report. The stock of CVS Health Corp (NYSE:CVS) has “Buy” rating given on Monday, August 24 by Vetr. Mizuho maintained CVS Health Corp (NYSE:CVS) on Thursday, June 23 with “Buy” rating.

CVS Company Profile

CVS Health Corporation, incorporated on August 22, 1996, together with its subsidiaries (CVS Health), is a pharmacy company. The Firm operates through three business divisions: Pharmacy Services, Retail/LTC and Corporate. The Firm offers a range of services and products, such as advising patients on their medications at its CVS Pharmacy locations, introducing programs to help control costs for its clients at CVS Caremark, how care is delivered to its patients with conditions through CVS Specialty, pharmacy care for the senior community through Omnicare. The Pharmacy Services Segment provides a range of pharmacy benefit management (PBM) solutions. The Retail Pharmacy segment includes retail drugstores, online retail pharmacy Websites and its retail healthcare clinics.

More news for CVS Health Corp (NYSE:CVS) were recently published by: Fool.com, which released: “CVS Health Corporation Lowers Guidance Due to Recent Walgreens Wins” on November 08, 2016. Fool.com‘s article titled: “Is CVS Health a Buffett Stock?” and published on November 23, 2016 is yet another important article.

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By Richard Conner

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