Will Cardinal Health Incorporated (NYSE:CAH) Run Out of Steam Soon? Short Interest is Up

September 17, 2017 - By Vivian Currie

 Will Cardinal Health Incorporated (NYSE:CAH) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 0.83 in 2016 Q4. 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.
Healthinvest Prtn reported 117,800 shares. Dekabank Deutsche Girozentrale has invested 0.24% in Cardinal Health Inc (NYSE:CAH). Michigan-based Plante Moran Ltd Liability Corporation has invested 0.02% in Cardinal Health Inc (NYSE:CAH). Geode Cap Mgmt Limited Liability holds 0.09% or 2.70 million shares in its portfolio. 38,500 are held by Cincinnati Specialty Underwriters Insur. First Bancorporation Na holds 3,853 shares or 0.05% of its portfolio. Trust Of Vermont holds 548 shares or 0% of its portfolio. Price T Rowe Md holds 891,406 shares. Delta Lloyd Nv invested in 0.09% or 38,397 shares. Mutual Of America Capital Management Lc holds 0.05% or 37,787 shares. Murphy Mgmt holds 0.04% or 3,168 shares in its portfolio. Colony Gru Ltd Limited Liability Company holds 16,262 shares or 0.13% of its portfolio. Eaton Vance Mgmt holds 0.04% of its portfolio in Cardinal Health Inc (NYSE:CAH) for 207,899 shares. Fdx Inc has invested 0.12% in Cardinal Health Inc (NYSE:CAH). Moreover, Fuller Thaler Asset has 0.01% invested in Cardinal Health Inc (NYSE:CAH).

Since May 12, 2017, it had 0 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 7.16M 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 company was maintained on Tuesday, November 3 by FBR Capital. The firm has “Outperform” rating given on Thursday, April 6 by Evercore. The firm has “Market Perform” rating by Raymond James given on Wednesday, January 6. The stock of Cardinal Health Inc (NYSE:CAH) has “Hold” rating given on Wednesday, June 21 by Jefferies. The rating was maintained by Credit Suisse with “Buy” on Thursday, July 13. Goldman Sachs upgraded the shares of CAH in report on Thursday, December 17 to “Buy” rating. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, March 15. The firm earned “Neutral” rating on Friday, September 16 by Goldman Sachs. The rating was downgraded by Zacks on Monday, August 10 to “Buy”. Credit Suisse maintained Cardinal Health Inc (NYSE:CAH) rating on Thursday, August 3. Credit Suisse has “Buy” rating and $8100 target.

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 Zacks.com with their article: “Why Is Cardinal Health (CAH) Down 2.7% Since the Last Earnings Report?” published on September 08, 2017, Nasdaq.com published: “Cardinal Health Becomes Oversold” on August 30, 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 Seekingalpha.com‘s news article titled: “Recent Buy: Cardinal Health Inc.” with publication date: August 31, 2017.

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