Short Interest Update on HealthSouth Corporation (HLS)

HealthSouth Corporation (HLS) : Traders are negative on HealthSouth Corporation (HLS), as it has 6.6% of short positions outstanding compared to its float. The total shorts have reduced by -591,348 shares, which is a -9.3% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,6,349,793 to 5,758,445 shares. While the daily trading volume of the stock is 601,631, there are 10 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.

HealthSouth Corporation (NYSE:HLS): The stock opened at $41.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $41.50 for the day. The stock traded down to $40.51 during the day, due to lack of any buying support eventually closed down at $40.57 with a loss of -1.15% for the day. The stock had closed at $41.04 on the previous day. The total traded volume was 426,254 shares.


In a related news, The officer (EVP and COO), of Healthsouth Corp, Tarr Mark J had unloaded 20,000 shares at $41.85 per share in a transaction on August 2, 2016. The total value of transaction was $837,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses, which include physical and cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, head injuries, spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31, 2014, the Company operated 107 inpatient rehabilitation hospitals. The Companys inpatient hospitals are concentrated in the eastern half of the United States and Texas.

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