Short Interest in Nobilis Health (HLTH) Declines By 14.7%

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) was the target of a large drop in short interest in March. As of March 29th, there was short interest totalling 750,084 shares, a drop of 14.7% from the March 15th total of 879,249 shares. Based on an average daily trading volume, of 302,851 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.3% of the shares of the stock are sold short.

Several institutional investors have recently made changes to their positions in HLTH. National Investment Services Inc. WI boosted its holdings in shares of Nobilis Health by 132.3% in the 4th quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock worth $403,000 after purchasing an additional 169,955 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Nobilis Health in the 3rd quarter worth approximately $748,000. Russell Investments Group Ltd. boosted its holdings in shares of Nobilis Health by 2,832.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 734,251 shares of the healthcare company’s stock worth $1,100,000 after purchasing an additional 709,210 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of Nobilis Health by 15.3% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 1,109,530 shares of the healthcare company’s stock worth $1,498,000 after purchasing an additional 147,550 shares during the period.

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Shares of Nobilis Health stock opened at $1.60 on Friday. Nobilis Health has a one year low of $1.10 and a one year high of $2.10.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last announced its earnings results on Thursday, March 8th. The healthcare company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $86.80 million during the quarter.

Separately, Zacks Investment Research cut Nobilis Health from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th.

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About Nobilis Health

Nobilis Health Corp. owns and manages ambulatory surgical centers (ASCs), and acute-care and surgical hospitals in the United States. It operates through two segments, Medical Services and Marketing. The company's healthcare facilities provides surgical procedures in various clinical specialties, including orthopedic surgery, podiatric, vein and vascular, pain management, gastro- intestinal, gynecology, and general, as well as ear, nose, and throat.

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