Anthem June 15th Short Interest Update

Anthem (NYSE:ANTM), According to the latest information the short interest in Anthem, Inc. shot up by 1.8% or 163,782 shares. The final shorts are 3.5% of the total floated shares. The positions increased from 9,014,838 shares on May 31,2016 to 9,178,620 on June 15,2016. According to the per-day average trading of 1,403,340 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Anthem (NYSE:ANTM): The stock opened at $124.82 on Friday but the bulls could not build on the opening and the stock topped out at $127.50 for the day. The stock traded down to $123.71 during the day, due to lack of any buying support eventually closed down at $126.38 with a loss of -1.78% for the day. The stock had closed at $128.67 on the previous day. The total traded volume was 3,111,716 shares.

The company shares have dropped -22.49% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $165.93 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $133.09 and the 200 Day Moving Average price is recorded at $135.77.

Anthem (NYSE:ANTM) has tumbled 4.5% during the past week and has dropped 3.31% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.92%. Anthem (NYSE:ANTM) has underperformed the index by 0.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.

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