Select Medical Holdings Corporation (SEM) : 16 days before expiry, shorts in Select Medical Holdings Corporation (SEM) have reduced from 11,982,867 on Jul 29, 2016, to 11,599,763 on August 15, 2016. On an average, 707,804 shares are traded on the exchange. The outstanding bearish positions are equal to 11.1% of the float. Short sellers have covered -383,104 shares, a reduction of -3.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Select Medical Holdings Corporation (NYSE:SEM): The stock opened at $11.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.88 for the day. The stock traded down to $11.28 during the day, due to lack of any buying support eventually closed down at $11.31 with a loss of -4.07% for the day. The stock had closed at $11.79 on the previous day. The total traded volume was 522,959 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President and CEO) of Select Medical Holdings Corp, Chernow David S had sold 8,536 shares worth of $102,944 in a transaction dated August 8, 2016. In this transaction, 8,536 shares were sold at $12.06 per share.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical, occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools and worksites. As of December 31, 2014, the Company had operations in 41 states and the District of Columbia.