Mednax Inc (MD) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 7,656,731 to 7,605,131 shares, with 15 days to go before the expiry. The short open interest has decreased by -0.7%, amounting to a reduction of -51,600 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 8.3% of the float of the company. The average daily volume of the stock is 494,720 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Mednax Inc (NYSE:MD): The stock opened at $65.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $65.35 for the day. The stock traded down to $64.27 during the day, due to lack of any buying support eventually closed down at $64.62 with a loss of -0.40% for the day. The stock had closed at $64.88 on the previous day. The total traded volume was 998,770 shares.
In a related news, Andreano Dominic J, officer (SVP, General Counsel and Secy) of Mednax, Inc., unloaded 3,922 shares at an average price of $68.8 on June 13, 2016. The total amount of the transaction was worth $269,834, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
MEDNAX, Inc. (MEDNAX) is a provider of physician services, including newborn, maternal-fetal and other pediatric subspecialty care. The Company provides clinical care to babies born prematurely or with complications within specific hospital units, primarily neonatal intensive care units (NICUs). It provides anesthesia care at more than 90 hospitals, 100 ambulatory surgery centers and office-based practices with over 950 of its affiliated anesthesiologists. It provides acute and chronic pain management services in over 20 pain management centers through its network of physicians and physician assistants. It provides inpatient and office-based clinical care to expectant mothers and their unborn babies through its over 245 affiliated maternal-fetal medicine subspecialists, as well as obstetricians and other clinicians. Its network includes other pediatric subspecialists, such as pediatric intensivists, pediatric hospitalists and pediatric surgeons.