Could Cardinal Health Incorporated (NYSE:CAH) Go Up After Its Newest Short Interest Report?

September 17, 2017 - By Linda Rogers

 Could Cardinal Health Incorporated (NYSE:CAH) Go Up After Its Newest Short Interest Report?

Investors sentiment increased to 0.83 in Q4 2016. Its up 0.04, from 0.79 in 2016Q3. It improved, 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.
Tennessee-based Delta Asset Management Limited Co Tn has invested 0% in Cardinal Health Inc (NYSE:CAH). Credit Agricole S A invested in 0.25% or 1.06M shares. 36,526 were reported by Ariel Limited. Amf Pensionsforsakring invested in 0.35% or 412,702 shares. Amer Century Inc holds 3.75 million shares. Boston Private Wealth Limited Liability holds 0.31% or 104,626 shares. Glg Ltd Liability Company reported 0.09% of its portfolio in Cardinal Health Inc (NYSE:CAH). Raymond James Assoc holds 544,368 shares or 0.1% of its portfolio. Victory Capital Mngmt holds 0% of its portfolio in Cardinal Health Inc (NYSE:CAH) for 17,531 shares. Meyer Handelman holds 0.01% of its portfolio in Cardinal Health Inc (NYSE:CAH) for 3,246 shares. Ent Finance Svcs reported 232 shares. Dreman Value Mngmt L L C, a Florida-based fund reported 2,278 shares. Stanley owns 8,230 shares. 1832 Asset Management Limited Partnership stated it has 0.12% in Cardinal Health Inc (NYSE:CAH). Nomura Asset Management Limited has invested 0.06% in Cardinal Health Inc (NYSE:CAH).

Since May 12, 2017, it had 0 buys, and 1 insider 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. The rating was upgraded by Evercore to “Outperform” on Thursday, April 6. The stock of Cardinal Health Inc (NYSE:CAH) earned “Market Perform” rating by Raymond James on Wednesday, January 6. The firm earned “Mkt Perform” rating on Wednesday, December 21 by Leerink Swann. The rating was maintained by Jefferies on Tuesday, August 29 with “Hold”. The firm has “Market Perform” rating by William Blair given on Wednesday, April 19. The stock has “Buy” rating by Credit Suisse on Thursday, July 13. On Friday, October 28 the stock rating was downgraded by Robert W. Baird to “Neutral”. Deutsche Bank maintained Cardinal Health Inc (NYSE:CAH) rating on Thursday, August 4. Deutsche Bank has “Hold” rating and $89 target. Zacks downgraded the stock to “Buy” rating in Monday, August 10 report. The firm has “Neutral” rating by Mizuho given on Tuesday, January 3.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.