• Short Interest In HCA Holdings Falls 20%

    Source: Forbes - Markets / 13 Jul 2016 14:24:52   Eastern Standard Time

    The most recent short interest data has been released for the 06/30/2016 settlement date, which shows a 2,114,343 share decrease in total short interest for HCA Holdings Inc (NYSE: HCA), to 8,453,258, a decrease of 20.01% since 06/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for HCA at the 06/30/2016 settlement increased to 2,531,220, as compared to 1,820,742 at the 06/15/2016 report. That brought "days to cover" down to 3.34, a 42.46% decrease from the 5.80 days to cover calculated at the previous short interest data release. http://www.forbes.com/sites/dividendchannel/2016/07/13/short-interest-in-hca-holdings-falls-20/