Adcare Health System Short Interest Up 41.8% in July (ADK)
Shares of Adcare Health System (NYSE:ADK) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 155,138 shares, a growth of 41.8% from the July 15th total of 109,403 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 212,573 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the shares of the stock are short sold.
Separately, analysts at Zacks downgraded shares of Adcare Health System from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 29th. They now have a $4.40 price target on the stock.
Shares of Adcare Health System (NYSE:ADK) opened at 4.95 on Tuesday. Adcare Health System has a one year low of $3.62 and a one year high of $4.95. The stock’s 50-day moving average is $4.49 and its 200-day moving average is $4.23. The company’s market cap is $85.1 million.
AdCare Health Systems, Inc (NYSE:ADK) is a developer, owner and manager of retirement communities, assisted living facilities, skilled nursing facilities and home health care services in the state of Ohio.
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