Short Interest in Community Health Systems, Inc. (NYSE:CYH) Rises By 8.7%

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 8,030,000 shares, a growth of 8.7% from the November 15th total of 7,390,000 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days.

Hedge Funds Weigh In On Community Health Systems

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of Community Health Systems by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 75,520 shares of the company's stock worth $422,000 after acquiring an additional 2,989 shares during the last quarter. Barclays PLC lifted its stake in Community Health Systems by 1,278.2% in the third quarter. Barclays PLC now owns 707,805 shares of the company's stock worth $4,296,000 after purchasing an additional 656,447 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Community Health Systems during the third quarter valued at approximately $500,000. Algert Global LLC raised its holdings in shares of Community Health Systems by 39.5% in the third quarter. Algert Global LLC now owns 158,587 shares of the company's stock worth $963,000 after buying an additional 44,944 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Community Health Systems during the 3rd quarter worth approximately $207,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CYH shares. Raymond James downgraded shares of Community Health Systems from a "market perform" rating to an "underperform" rating in a report on Friday, November 22nd. Truist Financial reduced their price target on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company lowered shares of Community Health Systems from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $5.00 to $2.50 in a report on Monday, November 25th. StockNews.com cut shares of Community Health Systems from a "hold" rating to a "sell" rating in a research report on Monday, November 25th. Finally, Barclays increased their price objective on Community Health Systems from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Community Health Systems currently has a consensus rating of "Hold" and an average target price of $4.77.

Community Health Systems Stock Down 3.6 %

Shares of NYSE:CYH traded down $0.12 during trading on Tuesday, hitting $3.21. The stock had a trading volume of 4,244,376 shares, compared to its average volume of 1,951,112. Community Health Systems has a 12 month low of $2.51 and a 12 month high of $6.29. The company has a market capitalization of $446.02 million, a PE ratio of -1.06 and a beta of 1.55. The firm's fifty day moving average is $4.23 and its 200 day moving average is $4.49.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. The business's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.33) earnings per share. Equities research analysts expect that Community Health Systems will post -0.56 EPS for the current fiscal year.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.