Adeptus Health (ADPT) : The traders have covered their outstanding shorts in Adeptus Health (ADPT) to the tune of -430,560 shares, a change of -5.6%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,730,631 shares, however, by August 15, 2016, the shorts had reduced to 7,300,071 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 58.1% of the free float of the stock. It takes 28 days to cover the outstanding short positions. The stock has an average daily volume of 262,752 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Adeptus Health (NYSE:ADPT): The stock opened at $45.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.81 for the day. The stock traded down to $43.27 during the day, due to lack of any buying support eventually closed down at $43.34 with a loss of -3.52% for the day. The stock had closed at $44.92 on the previous day. The total traded volume was 273,116 shares.
Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms, a network of independent freestanding emergency rooms in the United States. The Company provides emergency care through its freestanding emergency rooms. The Company provides patients with access to Board-certified physicians and emergency trained registered nurses and treatments on?site. The Companys facilities are equipped with radiology suite, including computerized tomography (CT) scanners, digital x-ray and ultrasound, as well as onsite laboratories. As of December 31, 2014, the Company had 55 facilities. The Companys facilities are located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets; Colorado Springs and Denver, Colorado, and Phoenix, Arizona.