Acadia Healthcare Company (ACHC) : The short interest in Acadia Healthcare Company (ACHC) has increased from 9,478,489 to 9,715,725 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,082,820 shares are traded daily in the stock and only 9 days are left for the shorts to cover. The short open interest is 14.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 237,236 shares, which is an increase of 2.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Acadia Healthcare Company (NASDAQ:ACHC): The stock opened at $51.97 on Wednesday but the bulls could not build on the opening and the stock topped out at $52.99 for the day. The stock traded down to $50.96 during the day, due to lack of any buying support eventually closed down at $51.10 with a loss of -2.11% for the day. The stock had closed at $52.20 on the previous day. The total traded volume was 620,795 shares.
In a related news,The officer (Chief Financial Officer) of Acadia Healthcare Company, Inc., Duckworth David M. sold 16,670 shares at $54.33 on August 15, 2016. The Insider selling transaction had a total value worth of $905,681. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Acadia Healthcare Company, Inc. is a provider of behavioral healthcare services. The Company develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities and facilities providing outpatient behavioral healthcare services to serve the behavioral health and recovery needs of communities. It operates in two segments: U.S. Facilities and U.K. Facilities. Its U.S. Facilities and services are classified into categories, which includes acute inpatient psychiatric facilities; specialty treatment facilities; residential treatment centers; and outpatient community-based services. In the United Kingdom, it provides inpatient services through mental health hospitals and care homes. In addition to these services, it also operates a U.K. division to provide EAP to organizations. The Company operated approximately 78 behavioral healthcare facilities with over 5,800 beds in approximately 24 states, the United Kingdom and Puerto Rico.