CVS Health Corporation June 15th Short Interest Update

CVS Health Corporation (NYSE:CVS) stated gains of 1,618,514 shares or 13.2% in the short interest. The short interest registered from 12,227,706 on May 31,2016 to 13,846,220 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.3%. The stock has been averaging 5,254,498 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CVS Health Corporation (NYSE:CVS): The stock opened at $92.11 on Friday but the bulls could not build on the opening and the stock topped out at $94.52 for the day. The stock traded down to $91.75 during the day, due to lack of any buying support eventually closed down at $93.54 with a loss of -0.51% for the day. The stock had closed at $94.02 on the previous day. The total traded volume was 8,652,687 shares.

The company shares have dropped -10.75% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $113.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $98.33 and the 200 Day Moving Average price is recorded at $98.34.

CVS Health Corporation (NYSE:CVS) has tumbled 1.37% during the past week and has dropped 3.51% in the last 4 week period. The company has outperformed the S&P 500 by 0.27% in the past week but underperformed the index by 0.59% in the last 4 weeks.

CVS Health Corporation, together with its subsidiaries, is a pharmacy company. The Company operates through three business segments: Pharmacy Services, Retail Pharmacy and Corporate. The Pharmacy Services segment provides a range of pharmacy benefit management (PBM) services and operates under the CVS/caremark Pharmacy Services, Novologix and Navarro Health Services names. The Retail Pharmacy segment sells prescription drugs and an assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, photo finishing, seasonal merchandise and greeting cards through the Companys retail stores, online retail pharmacy Websites and retail healthcare clinics. The Corporate segment provides management and administrative services to support the overall operations of the Company. The Company, through its wholly owned subsidiary, Omnicare, Inc., provides pharmacy services to long term care facilities.

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