Short Interest Update on Community Health Systems (CYH)

Community Health Systems (CYH) : The short interest in Community Health Systems (CYH) has increased from 24,772,819 to 25,539,116 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 6,309,862 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 23.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 766,297 shares, which is an increase of 3.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Community Health Systems (NYSE:CYH): The stock opened at $10.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.80 for the day. The stock traded down to $10.21 during the day, due to lack of any buying support eventually closed down at $10.28 with a loss of -2.65% for the day. The stock had closed at $10.56 on the previous day. The total traded volume was 3,343,831 shares.


In a related news, The director, of Community Health Systems Inc, Watson H Mitchell Jr had unloaded 5,600 shares at $13.42 per share in a transaction on June 13, 2016. The total value of transaction was $75,152. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Community Health Systems, Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Companys acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.

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