Short Interest in Encompass Health Corp (NYSE:EHC) Rises By 7.8%

Encompass Health Corp (NYSE:EHC) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,138,700 shares, a growth of 7.8% from the June 30th total of 1,984,500 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 778,500 shares, the days-to-cover ratio is currently 2.7 days.

EHC has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Encompass Health in a research report on Thursday, June 27th. They issued an “outperform” rating and a $72.00 price objective on the stock. Raymond James reduced their price objective on shares of Encompass Health from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays raised shares of Encompass Health from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $70.00 in a research report on Thursday, May 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $75.75.

Shares of NYSE:EHC traded down $0.96 during trading on Thursday, reaching $60.54. 418,542 shares of the company were exchanged, compared to its average volume of 810,741. The firm has a market capitalization of $6.08 billion, a PE ratio of 16.68, a P/E/G ratio of 2.02 and a beta of 0.83. The business’s fifty day simple moving average is $63.82 and its 200-day simple moving average is $62.35. Encompass Health has a 12-month low of $56.74 and a 12-month high of $82.46. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.12 and a quick ratio of 1.12.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Encompass Health’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.85%. Encompass Health’s dividend payout ratio (DPR) is 29.75%.

Encompass Health Company Profile

Encompass Health Corporation provides facility-based and home-based post-acute healthcare services in the United States. The company operates through two segments, Inpatient Rehabilitation, and Home Health and Hospice. The Inpatient Rehabilitation segment provides specialized rehabilitative treatment on an inpatient and outpatient basis to patients who are recovering from conditions, such as stroke and other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions, and amputations.

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