Community Health Systems, Inc. (NYSE:CYH) Short Interest Down 6.4% in August

Community Health Systems, Inc. (NYSE:CYH - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 7,870,000 shares, a decrease of 6.4% from the July 31st total of 8,410,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 4.7 days. Currently, 6.4% of the shares of the company are sold short.

Community Health Systems Price Performance

Shares of NYSE CYH traded down $0.07 during trading on Monday, hitting $5.45. 1,082,000 shares of the company were exchanged, compared to its average volume of 1,842,525. Community Health Systems has a 1 year low of $2.01 and a 1 year high of $5.64. The company has a market cap of $757.22 million, a price-to-earnings ratio of -5.74 and a beta of 1.52. The firm's fifty day moving average price is $4.40 and its 200 day moving average price is $3.68.

Community Health Systems (NYSE:CYH - Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned ($0.22) EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts forecast that Community Health Systems will post -0.42 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CYH shares. UBS Group boosted their price target on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. Oppenheimer increased their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 30th. Truist Financial upped their price objective on shares of Community Health Systems from $3.75 to $4.25 and gave the stock a "hold" rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Community Health Systems currently has an average rating of "Hold" and a consensus target price of $4.73.

Institutional Trading of Community Health Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Community Health Systems by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,583,032 shares of the company's stock worth $17,475,000 after purchasing an additional 701,036 shares during the period. SG Americas Securities LLC boosted its holdings in Community Health Systems by 384.7% in the second quarter. SG Americas Securities LLC now owns 212,852 shares of the company's stock valued at $715,000 after acquiring an additional 168,941 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Community Health Systems during the first quarter worth about $1,132,000. Vanguard Group Inc. raised its holdings in shares of Community Health Systems by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,124,617 shares of the company's stock worth $28,436,000 after purchasing an additional 28,669 shares during the period. Finally, Red Door Wealth Management LLC lifted its stake in shares of Community Health Systems by 126.6% in the 1st quarter. Red Door Wealth Management LLC now owns 26,060 shares of the company's stock valued at $91,000 after purchasing an additional 14,560 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

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.