Short Interest in iKang Healthcare Group Inc (KANG) Decreases By 49.5%

iKang Healthcare Group Inc (NASDAQ:KANG) was the target of a large decline in short interest in December. As of December 29th, there was short interest totalling 357,637 shares, a decline of 49.5% from the December 15th total of 707,528 shares. Based on an average trading volume of 288,908 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the stock are short sold.

Several research analysts have recently commented on the company. TheStreet raised iKang Healthcare Group from a “d+” rating to a “c” rating in a report on Friday, December 15th. BidaskClub raised iKang Healthcare Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd.

iKang Healthcare Group (NASDAQ KANG) opened at $15.80 on Friday. The company has a market capitalization of $1,086.07, a P/E ratio of 395.00 and a beta of 0.30. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. iKang Healthcare Group has a 1-year low of $11.70 and a 1-year high of $18.40.

iKang Healthcare Group (NASDAQ:KANG) last posted its quarterly earnings data on Thursday, December 14th. The medical research company reported $0.29 earnings per share (EPS) for the quarter. iKang Healthcare Group had a return on equity of 1.30% and a net margin of 0.79%.

Large investors have recently bought and sold shares of the business. Fosun International Ltd lifted its holdings in iKang Healthcare Group by 40.2% during the 3rd quarter. Fosun International Ltd now owns 3,571,138 shares of the medical research company’s stock worth $48,139,000 after buying an additional 1,023,199 shares in the last quarter. Pictet Asset Management Ltd. acquired a new position in iKang Healthcare Group during the 3rd quarter worth $330,000. Maso Capital Partners Ltd lifted its holdings in iKang Healthcare Group by 8.7% during the 3rd quarter. Maso Capital Partners Ltd now owns 1,504,062 shares of the medical research company’s stock worth $20,275,000 after buying an additional 120,655 shares in the last quarter. GLG Partners LP lifted its holdings in iKang Healthcare Group by 15.5% during the 2nd quarter. GLG Partners LP now owns 1,754,570 shares of the medical research company’s stock worth $21,529,000 after buying an additional 235,056 shares in the last quarter. Finally, FIL Ltd lifted its holdings in iKang Healthcare Group by 45.4% during the 2nd quarter. FIL Ltd now owns 360,922 shares of the medical research company’s stock worth $4,429,000 after buying an additional 112,615 shares in the last quarter. 33.08% of the stock is currently owned by hedge funds and other institutional investors.

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iKang Healthcare Group Company Profile

iKang Healthcare Group, Inc provides preventive healthcare solutions, including a range of medical examinations services and value-added services, including disease screening, dental services and other services in China. The Company’s segments include medical examinations and other medical services, and dental services.

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