Select Medical Holdings Corporation (NYSE:SEM) encountered a drop of 4.1% or -384,385 shares in the short positions. The number dropped from 9,364,620 on May 31,2016 to 8,980,235 on June 15,2016. The final interest is 8.5% of the floated stock. The days to cover figure of 9 can be arrived using the average daily exchange of 976,058 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Select Medical Holdings Corporation (NYSE:SEM): The stock opened at $10.85 on Friday but the bulls could not build on the opening and the stock topped out at $11.13 for the day. The stock traded down to $10.77 during the day, due to lack of any buying support eventually closed down at $11.04 with a loss of -2.56% for the day. The stock had closed at $11.33 on the previous day. The total traded volume was 3,731,772 shares.
The company shares have dropped -31.39% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $16.62 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.18 and the 200 Day Moving Average price is recorded at $11.29.
Stocks of Select Medical Holdings Corporation (NYSE:SEM) rallied by 0.91% during the past week but lost 11.04% on a 4-week basis. The company has outperformed the S&P 500 by 2.59% in the past week but underperformed the index by 8.35% in the last 4 weeks.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical, occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools and worksites. As of December 31, 2014, the Company had operations in 41 states and the District of Columbia.