Short Interest Update on Kindred Healthcare (KND)

Kindred Healthcare (KND) : The bears are holding on to their shorts in Accenture Plc with 6 more days remaining for them to cover their positions. The bearish positions have increased from 5,405,214 on Jul 29, 2016, to 5,751,913, on August 15, 2016. Daily, 893,253 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 346,699 shares, which is an increase of just 6.4%. The total short interest of 7% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Kindred Healthcare (NYSE:KND): The stock opened at $10.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.05 for the day. The stock traded down to $10.26 during the day, due to lack of any buying support eventually closed down at $10.40 with a loss of -4.32% for the day. The stock had closed at $10.87 on the previous day. The total traded volume was 988,469 shares.


In a related news,The Officer (Svp & Chief Accounting Officer) of KINDRED HEALTHCARE, INC, Lucchese John Joseph sold 4,341 shares at $11.39 on June 29, 2016. The Insider selling transaction had a total value worth of $49,444. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. The Company operates through five segments: hospitals, nursing centers, skilled nursing rehabilitation services (SRS), hospital rehabilitation services (HRS) and home health and hospice services. The Companys hospital division provides long-term acute care services to medically complex patients. The Companys nursing center division operates through 90 nursing centers and seven assisted living facilities in 18 states. Its rehabilitation division provided rehabilitation services primarily in hospitals and long-term care settings. Its care management division primarily provided home health, hospice and private duty services from 143 locations in 13 states.

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