Quorum Health Corp (NYSE:QHC) Sees Significant Drop in Short Interest

Quorum Health Corp (NYSE:QHC) saw a large decrease in short interest during the month of November. As of November 29th, there was short interest totalling 4,440,000 shares, a decrease of 5.9% from the November 14th total of 4,720,000 shares. Currently, 15.3% of the company’s shares are sold short. Based on an average trading volume of 263,900 shares, the days-to-cover ratio is currently 16.8 days.

Quorum Health stock traded down $0.01 during mid-day trading on Friday, hitting $0.87. The company’s stock had a trading volume of 185,531 shares, compared to its average volume of 482,277. The company has a 50 day moving average of $0.87 and a 200-day moving average of $1.27. Quorum Health has a one year low of $0.54 and a one year high of $3.84.

Quorum Health (NYSE:QHC) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.44). The business had revenue of $419.90 million during the quarter.

Hedge funds have recently modified their holdings of the business. A.R.T. Advisors LLC purchased a new stake in shares of Quorum Health in the 2nd quarter worth $53,000. Diversified Trust Co lifted its stake in shares of Quorum Health by 582.0% during the 3rd quarter. Diversified Trust Co now owns 76,168 shares of the company’s stock worth $92,000 after purchasing an additional 65,000 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Quorum Health by 337.8% during the 2nd quarter. Jane Street Group LLC now owns 81,858 shares of the company’s stock worth $114,000 after purchasing an additional 63,159 shares during the last quarter. Paloma Partners Management Co lifted its stake in shares of Quorum Health by 57.4% during the 2nd quarter. Paloma Partners Management Co now owns 134,500 shares of the company’s stock worth $187,000 after purchasing an additional 49,026 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Quorum Health by 83.7% during the 3rd quarter. Millennium Management LLC now owns 189,215 shares of the company’s stock worth $228,000 after purchasing an additional 86,220 shares during the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Separately, ValuEngine raised Quorum Health from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

About Quorum Health

Quorum Health Corporation, together with its subsidiaries, provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, diagnostic, obstetric, psychiatric, and rehabilitation services.

Featured Story: What is the operating income formula?

Receive News & Ratings for Quorum Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health and related companies with MarketBeat.com's FREE daily email newsletter.