Short Interest Update on LifePoint Health (LPNT)

LifePoint Health (LPNT) : Traders are negative on LifePoint Health (LPNT), as it has 4.1% of short positions outstanding compared to its float. The total shorts have reduced by -192,544 shares, which is a -10% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,918,646 to 1,726,102 shares. While the daily trading volume of the stock is 655,790, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

LifePoint Health (NASDAQ:LPNT): The stock opened at $56.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.72 for the day. The stock traded down to $55.19 during the day, due to lack of any buying support eventually closed down at $55.60 with a loss of -1.28% for the day. The stock had closed at $56.32 on the previous day. The total traded volume was 457,833 shares.


In a related news, Maupin John E Jr D D S, director of Lifepoint Health, Inc., unloaded 3,800 shares at an average price of $67.32 on May 25, 2016. The total amount of the transaction was worth $255,816, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

LifePoint Health, Inc., formerly LifePoint Hospitals, Inc. provides healthcare services. Through its subsidiaries, the Company operates general acute care hospitals primarily in non-urban communities in the United States. Its hospitals provide a range of medical and surgical services in hospitals in non-urban markets. The Companys services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services and pediatric services. In some of its hospitals, the Company offers services, such as open-heart surgery, skilled nursing, psychiatric care and neuro-surgery. LifePoint provides outpatient services, such as same-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine and lithotripsy. The Company operates approximately 67 hospital campuses in 21 states, having a total of approximately 8,254 licensed beds.

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