Community Health Systems (CYH) : The highest level Community Health Systems (CYH) is projected to reach is $26 for the short term and the lowest estimate is at $11. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $16.35 and the possibility the share price can swing is $3.82.
Community Health Systems (CYH) encountered a rise of 30.1% or 6,195,212 shares in the short positions. The number escalated from 20,568,498 on June 15,2016 to 26,763,710 on June 30,2016. The final interest is 24.5% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 4,932,581 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Ladenburg Thalmann upgrades its view on Community Health Systems (NYSE:CYH) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Not Rated. The rating by the firm was issued on June 13, 2016.
Community Health Systems (NYSE:CYH): stock turned positive on Thursday. Though the stock opened at $13, the bulls momentum made the stock top out at $13.06 level for the day. The stock recorded a low of $12.58 and closed the trading day at $12.81, in the green by 0.08%. The total traded volume for the day was 3,251,660. The stock had closed at $12.8 in the previous days trading.
Community Health Systems, Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Companys acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.