Centene Corporation June 15th Short Interest Update

Centene Corporation (NYSE:CNC) has witnessed a rise of 37.4% or 1,613,029 shares in its short figure. The short interest augmentation took it from 4,318,324 on May 31,2016 to 5,931,353 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.6%. The days to cover are 3 given that the daily volume averaged 1,722,559 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Centene Corporation (NYSE:CNC): The stock opened at $67.17 on Friday but the bulls could not build on the opening and the stock topped out at $70.12 for the day. The stock traded down to $67.00 during the day, due to lack of any buying support eventually closed down at $69.21 with a loss of -0.90% for the day. The stock had closed at $69.84 on the previous day. The total traded volume was 2,979,576 shares.

The company shares have dropped -14.01% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $83.00 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $63.12 and the 200 Day Moving Average price is recorded at $61.19.

Centene Corporation (NYSE:CNC) has climbed 3.28% in the past week and advanced 12.01% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5% and the outperformance has advanced to 15.4% for the last 4 weeks period.

Centene Corporation is a healthcare company. The Company provides programs and services to Government sponsored healthcare programs. It offers member-focused services by assisting in accessing care, coordinating referrals to related health and social services, and addressing member concerns and questions. It also provides education and outreach programs to inform and assist members in accessing healthcare services. The Company operates in two segments: Managed Care and Specialty Services. The Managed Care segment provides health plan coverage to individuals through Government subsidized programs, including Medicaid, the State Childrens Health Insurance Program (CHIP), Long Term Care (LTC), Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD). The Specialty Services segment consists of the Companys specialty companies offering auxiliary healthcare services and products.

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