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.

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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.

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