Short Interest Update on Tenet Healthcare Corporation (THC)

Tenet Healthcare Corporation (THC) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 10,516,767 on Jul 29, 2016, to 10,718,684, on August 15, 2016. Daily, 2,164,018 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 201,917 shares, which is an increase of just 1.9%. The total short interest of 11% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Tenet Healthcare Corporation (NYSE:THC): The stock opened at $24.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.96 for the day. The stock traded down to $23.56 during the day, due to lack of any buying support eventually closed down at $23.68 with a loss of -4.09% for the day. The stock had closed at $24.69 on the previous day. The total traded volume was 1,452,159 shares.


In a related news,The director officer (Chairman and CEO) of Tenet Healthcare Corp, Fetter Trevor sold 83,443 shares at $60.02 on July 6, 2015. The Insider selling transaction had a total value worth of $5,008,249. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (Conifer), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.

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