Short Interest Update on Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : 4 days before expiry, shorts in Brookdale Senior Living (BKD) have reduced from 16,203,731 on Jul 29, 2016, to 15,228,170 on August 15, 2016. On an average, 4,150,401 shares are traded on the exchange. The outstanding bearish positions are equal to 8.3% of the float. Short sellers have covered -975,561 shares, a reduction of -6%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Brookdale Senior Living (NYSE:BKD): The stock opened at $17.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.64 for the day. The stock traded down to $17.02 during the day, due to lack of any buying support eventually closed down at $17.06 with a loss of -2.57% for the day. The stock had closed at $17.51 on the previous day. The total traded volume was 4,353,976 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Brookdale Senior Living Inc., Clegg Jackie M had purchased shares worth of $23,340 in a transaction dated on March 4, 2016. A total of 1,500 shares were purchased at a price of $15.56 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services, and Management Services. The Companys Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Companys Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Companys CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health, therapy and other ancillary services, and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Companys unconsolidated ventures.

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