AdCare Health Systems, Inc. (ADK) Short Interest Update
AdCare Health Systems, Inc. (NYSE:ADK) was the target of a large decline in short interest in September. As of September 29th, there was short interest totalling 34,288 shares, a decline of 91.7% from the September 15th total of 412,168 shares. Based on an average daily trading volume, of 25,212 shares, the short-interest ratio is presently 1.4 days.
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in AdCare Health Systems by 1.6% during the first quarter. Renaissance Technologies LLC now owns 258,800 shares of the healthcare company’s stock valued at $326,000 after buying an additional 4,200 shares during the last quarter. UBS Group AG increased its holdings in AdCare Health Systems by 60.4% during the first quarter. UBS Group AG now owns 151,293 shares of the healthcare company’s stock valued at $191,000 after buying an additional 56,982 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in AdCare Health Systems by 75.3% during the second quarter. Wedbush Securities Inc. now owns 183,435 shares of the healthcare company’s stock valued at $176,000 after buying an additional 78,783 shares during the last quarter.
AdCare Health Systems (NYSE ADK) opened at 0.91 on Wednesday. The company has a 50-day moving average of $0.98 and a 200-day moving average of $1.05. AdCare Health Systems has a 1-year low of $0.85 and a 1-year high of $2.20. The stock’s market capitalization is $17.73 million.
AdCare Health Systems (NYSE:ADK) last announced its earnings results on Monday, August 14th. The healthcare company reported ($0.07) EPS for the quarter. The business had revenue of $6.30 million for the quarter. Analysts anticipate that AdCare Health Systems will post ($0.28) earnings per share for the current fiscal year.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/adcare-health-systems-inc-adk-short-interest-update.html.
About AdCare Health Systems
AdCare Health Systems, Inc, through its subsidiaries, is a self-managed real estate investment company that invests in real estate purposed for long-term care and senior living. The Company’s business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.
Receive News & Ratings for AdCare Health Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdCare Health Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.