Short Interest Update on Laboratory Corporation of America Holdings (LH)

Laboratory Corporation of America Holdings (LH) has 3,028,910 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,080,972 shares. The stock has a decent trading volume of 686,224 shares daily. The marginal decrease in the short positions is by -1.7%, which amounts to -52,062 shares. Short positions are 3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Laboratory Corporation of America Holdings (NYSE:LH): The stock opened at $138.01 on Wednesday but the bulls could not build on the opening and the stock topped out at $138.68 for the day. The stock traded down to $135.98 during the day, due to lack of any buying support eventually closed down at $136.32 with a loss of -1.27% for the day. The stock had closed at $138.07 on the previous day. The total traded volume was 593,766 shares.


In a related news, The Securities and Exchange Commission has divulged that Uthgenannt Lisa J, officer (Chief Human Resources Officer) of Laboratory Corp Of America Holdings, had unloaded 1,177 shares at an average price of $140 in a transaction dated on August 9, 2016. The total value of the transaction was worth $164,780.

Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. Through a national network of laboratories, the Company offers a range of clinical laboratory tests that are used by the medical profession in core testing, patient diagnosis, and in the monitoring and treatment of disease. The Company manages its operations through two segments: the Clinical diagnostics laboratory segment, which includes core testing, as well as genomic and esoteric testing; and the Other segment, which consists of the Companys non-United States clinical diagnostic laboratory operations in Ontario, Canada. It also provides specialty testing services in the areas of allergy, clinical trials, diagnostic genetics, womens health, cardiovascular disease, identity, forensics, infectious disease, endocrinology, oncology, coagulation, occupational testing and pain management.

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