Cardinal Health Incorporated (NYSE:CAH) Shorted Shares Increased By 4.36%

September 17, 2017 - By Vivian Park

 Cardinal Health Incorporated (NYSE:CAH) Shorted Shares Increased By 4.36%

Investors sentiment increased to 0.83 in Q4 2016. Its up 0.04, from 0.79 in 2016Q3. It increased, as 64 investors sold Cardinal Health Inc shares while 268 reduced holdings. 72 funds opened positions while 204 raised stakes. 272.06 million shares or 2.54% more from 265.31 million shares in 2016Q3 were reported.
Chicago Equity Llc stated it has 0.01% of its portfolio in Cardinal Health Inc (NYSE:CAH). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.05% in Cardinal Health Inc (NYSE:CAH). Moreover, Bokf Na has 0.02% invested in Cardinal Health Inc (NYSE:CAH). Amer Interest Group holds 146,019 shares. Tudor Corp Et Al has 0.01% invested in Cardinal Health Inc (NYSE:CAH). Signalpoint Asset Limited Liability Corporation reported 0.06% in Cardinal Health Inc (NYSE:CAH). Gotham Asset Mngmt Ltd Liability accumulated 0.07% or 74,164 shares. Jackson Park Capital Ltd Co invested in 2.41% or 18,000 shares. Financial Bank Of Nova Scotia holds 135,764 shares or 0.05% of its portfolio. World Asset Management holds 0.1% in Cardinal Health Inc (NYSE:CAH) or 35,891 shares. Vident Inv Advisory Ltd Llc holds 29,388 shares. Adage Cap Partners Gp Incorporated Ltd Liability Com reported 458,900 shares stake. Capstone Asset Co, a Texas-based fund reported 47,718 shares. Security has 0.09% invested in Cardinal Health Inc (NYSE:CAH) for 3,450 shares. Amica Pension Fund Board Of Trustees invested in 18,759 shares.

Since May 12, 2017, it had 0 insider buys, and 1 sale for $1.70 million activity.

The stock of Cardinal Health Incorporated (NYSE:CAH) registered an increase of 4.36% in short interest. CAH’s total short interest was 7.16 million shares in September as published by FINRA. Its up 4.36% from 6.86 million shares, reported previously. With 1.90M shares average volume, it will take short sellers 4 days to cover their CAH’s short positions. The short interest to Cardinal Health Incorporated’s float is 2.27%.

The stock increased 0.06% or $0.04 on September 15, reaching $67.5. About 4.68M shares traded or 116.67% up from the average. Cardinal Health Inc (NYSE:CAH) has declined 4.95% since September 17, 2016 and is downtrending. It has underperformed by 21.65% the S&P500.

Cardinal Health, Inc. is a healthcare services and products company. The company has market cap of $21.36 billion. The Firm operates through two divisions: Pharmaceutical and Medical. It has a 16.75 P/E ratio. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products.

Cardinal Health Inc (NYSE:CAH) Ratings Coverage

Among 18 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 0 Sell and 13 Hold. Therefore 28% are positive. Cardinal Health had 35 analyst reports since August 10, 2015 according to SRatingsIntel. Bank of America maintained Cardinal Health Inc (NYSE:CAH) on Tuesday, June 7 with “Neutral” rating. FBR Capital maintained the shares of CAH in report on Tuesday, November 3 with “Outperform” rating. Goldman Sachs downgraded it to “Neutral” rating and $83 target in Friday, September 16 report. The firm earned “Neutral” rating on Tuesday, January 3 by Mizuho. Jefferies maintained the shares of CAH in report on Thursday, July 27 with “Hold” rating. On Friday, April 28 the stock rating was initiated by Tigress Financial with “Neutral”. As per Thursday, August 4, the company rating was maintained by Deutsche Bank. William Blair maintained the shares of CAH in report on Wednesday, August 26 with “Buy” rating. UBS initiated the shares of CAH in report on Thursday, October 6 with “Neutral” rating. The company was downgraded on Wednesday, April 19 by William Blair.

More notable recent Cardinal Health Inc (NYSE:CAH) news were published by: Seekingalpha.com which released: “Bert’s Recent Buy – Cardinal Health” on August 24, 2017, also Seekingalpha.com with their article: “Recent Buy: Cardinal Health Inc.” published on August 31, 2017, Zacks.com published: “Why Is Cardinal Health (CAH) Down 2.7% Since the Last Earnings Report?” on September 08, 2017. More interesting news about Cardinal Health Inc (NYSE:CAH) were released by: Thestreet.com and their article: “Cardinal Health: Cramer’s Top Takeaways” published on August 23, 2017 as well as Nasdaq.com‘s news article titled: “Cardinal Health Becomes Oversold” with publication date: August 30, 2017.

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