National HealthCare Co. (NYSEAMERICAN:NHC) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 160,100 shares, an increase of 13.9% from the June 30th total of 140,600 shares. Based on an average daily volume of 34,300 shares, the short-interest ratio is presently 4.7 days. Currently, 1.4% of the company’s stock are short sold.
In other National HealthCare news, Director James Paul Abernathy sold 919 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $79.50, for a total value of $73,060.50. Following the transaction, the director now directly owns 23,733 shares of the company’s stock, valued at approximately $1,886,773.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of hedge funds have recently modified their holdings of the business. James Investment Research Inc. boosted its stake in shares of National HealthCare by 147.8% during the 2nd quarter. James Investment Research Inc. now owns 53,074 shares of the company’s stock worth $4,307,000 after acquiring an additional 31,659 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of National HealthCare by 146.7% during the 2nd quarter. APG Asset Management N.V. now owns 33,800 shares of the company’s stock worth $2,409,000 after acquiring an additional 20,100 shares in the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of National HealthCare by 150.8% during the 2nd quarter. Bowling Portfolio Management LLC now owns 21,522 shares of the company’s stock worth $1,747,000 after acquiring an additional 12,940 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of National HealthCare during the 2nd quarter worth about $1,027,000. Finally, WBI Investments Inc. bought a new stake in shares of National HealthCare during the 2nd quarter worth about $978,000.
About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.
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