Community Health Systems, Inc. (NYSE:CYH) Short Interest Up 8.7% in November

Community Health Systems, Inc. (NYSE:CYH) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 8,030,000 shares, a growth of 8.7% from the November 15th total of 7,390,000 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days.

Community Health Systems Trading Down 2.7 %

Community Health Systems stock traded down $0.09 during trading hours on Tuesday, reaching $3.24. 329,984 shares of the stock were exchanged, compared to its average volume of 1,932,496. The company has a market cap of $450.19 million, a P/E ratio of -1.10 and a beta of 1.55. Community Health Systems has a twelve month low of $2.51 and a twelve month high of $6.29. The stock has a 50 day moving average of $4.27 and a two-hundred day moving average of $4.49.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm posted ($0.33) EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts expect that Community Health Systems will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Truist Financial dropped their price objective on shares of Community Health Systems from $5.50 to $5.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Raymond James lowered shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research report on Friday, November 22nd. Barclays upped their price target on shares of Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company downgraded shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $5.00 to $2.50 in a research note on Monday, November 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Community Health Systems has an average rating of “Hold” and a consensus price target of $4.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in Community Health Systems during the 3rd quarter worth approximately $33,000. nVerses Capital LLC bought a new position in Community Health Systems during the 2nd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in Community Health Systems during the 2nd quarter worth approximately $33,000. CWM LLC raised its holdings in Community Health Systems by 32.1% during the 3rd quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after purchasing an additional 2,961 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Community Health Systems during the 2nd quarter worth approximately $45,000. Institutional investors own 84.99% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.