Tenet Healthcare Corporation (NYSE:THC) stated gains of 1,053,399 shares or 11.2% in the short interest. The short interest registered from 9,373,396 on May 31,2016 to 10,426,795 on June 15,2016. In terms of floated shares, the shorted positions stood at 10.7%. The stock has been averaging 1,173,188 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Tenet Healthcare Corporation (NYSE:THC): The stock opened at $28.29 on Friday but the bulls could not build on the opening and the stock topped out at $28.78 for the day. The stock traded down to $27.68 during the day, due to lack of any buying support eventually closed down at $28.00 with a loss of -4.70% for the day. The stock had closed at $29.38 on the previous day. The total traded volume was 2,131,637 shares.
The company shares have dropped -50.76% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $60.93 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $28.88 and the 200 Day Moving Average price is recorded at $28.12.
Stocks of Tenet Healthcare Corporation (NYSE:THC) rallied by 3.09% during the past week but lost 2.57% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 4.8% and the outperformance has advanced to 0.37% for the last 4 weeks period.
Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (Conifer), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.