Cardinal Health June 15th Short Interest Update

The short interest in Cardinal Health (NYSE:CAH) has declined from 9,722,195 on May 31,2016 to 8,876,712 on June 15,2016. The change was measured at 845,483 shares or 8.7%. The leftover shorts were 2.7% of the floated shares. The days to cover are 4, given the average daily volume of 2,513,034 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Cardinal Health (NYSE:CAH): The stock opened at $75.64 on Friday but the bulls could not build on the opening and the stock topped out at $76.25 for the day. The stock traded down to $75.04 during the day, due to lack of any buying support eventually closed down at $75.23 with a loss of -3.70% for the day. The stock had closed at $78.12 on the previous day. The total traded volume was 3,282,019 shares.

The company shares have dropped -10.16% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $91.23 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $77.75 and the 200 Day Moving Average price is recorded at $81.59.

Cardinal Health (NYSE:CAH) has tumbled 0.37% during the past week and has dropped 3.74% in the last 4 week period. The company has outperformed the S&P 500 by 1.28% in the past week but underperformed the index by 0.82% in the last 4 weeks.

Cardinal Health, Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States, the Companys Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers, hospitals and other healthcare providers. In China, the Pharmaceutical segment distributes branded, generic and specialty pharmaceutical, over-the-counter healthcare and consumer products, provides logistics, marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical, surgical and laboratory products and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers.

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