Short Interest: Covidien (COV), Nabors Industries (NBR), Boeing (BA), Frontier Communications (FTR), Tenet Healthcare Corp. (THC)

Recent short interest data for the 8/15/2014 settlement date shows an increase in short interest for shares of Covidien plc (COV). As of August 15, the short interest for the healthcare products provider totaled 5,381,172 shares, as compared to 4,958,375 shares since July 31, an increase of 8.53%. Average daily volume [AVM] for the same period fell by 654,000 to 5,261,347 shares from 5,915,966 shares. It is worth noting that ticker’s short interest has jumped by more than 2.6M shares, or 100.33%, from the 7/15/2014 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 1.02 days. Days-to-cover for COV increased to 1.02 for the August 15 settlement date, as compared to 1.00 days at the July 31 report.

Covidien plc has a beta of 1.12 and a short float of 1.20%. In the past 52 weeks, shares of the Dublin, Ireland-based company have traded between a low of $59.72 and a high of $92.68 and are now at $89.87. Shares are up 47.93% year-over-year and 31.97% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Recent short interest data for the 8/15/2014 settlement date shows an increase in short interest for shares of Nabors Industries Ltd. (NBR). As of August 15, the short interest for the drilling and rig service company totaled 8,813,150 shares, as compared to 8,210,926 shares since July 31, a rise of 7.34%. Average daily volume [AVM] for the same period rose fractionally to 3,691,959 shares from 3,663,801 shares. It is worth noting that ticker’s short interest has declined by more than 4M shares, or 31.26%, from the 1/31/2014 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 2.38 days. Days-to-cover for NBR increased to 2.38 for the August 15 settlement date, as compared to 2.24 days at the July 31 report.

Nabors Industries has a beta of 3.22 and a short float of 3.35%. In the past 52 weeks, shares of the Hamilton, Bermuda-based company have traded between a low of $15.32 and a high of $30.24 and are now at $24.46. Shares are up 53.26% year-over-year and 43.97% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Recent short interest data for the 8/15/2014 settlement date shows a decrease in short interest for shares of The Boeing Company (BA). As of August 15, the short interest for the manufacturer of commercial jetliners totaled 13,366,898 shares, as compared to 14,631,679 shares since July 31, a decline of -8.64 %. Average daily volume [AVM] for the same period fell by 1.30M to 4,456,530 shares from 5,750,103 shares. It is worth noting that ticker’s short interest has jumped by more than 6.3M shares, or 90.94%, from the 12/31/2013 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 2.99 days. Days-to-cover for BA increased to 2.99 for the August 15 settlement date, as compared to 2.54 days at the July 31 report.

The Boeing Company has a beta of 0.98 and a short float of 2.00%. In the past 52 weeks, shares of the Chicago, Illinois-based company have traded between a low of $106.56 and a high of $144.57 and are now at $127.98. Shares are up 20.66% year-over-year ; down 6.23% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Recent short interest data for the 8/15/2014 settlement date shows a decrease in short interest for shares of Frontier Communications Corporation (FTR). As of August 15, the short interest for the  communications company totaled 148,535,905 shares, as compared to 176,393,899 shares since July 31, a decline of -15.79 %. Average daily volume [AVM] for the same period fell by 6M to 12,803,227 shares from 18,803,304 shares. It is worth noting that ticker’s short interest has fallen by more than 60.61M shares, or 28.98%, from the 2/28/2014 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 11.60 days. Days-to-cover for FTR increased to 11.60 for the August 15 settlement date, as compared to 9.38 days at the July 31 report.

Frontier Communications has a beta of 0.67 and a short float of 14.95%. In the past 52 weeks, shares of the Stamford, Connecticut-based company have traded between a low of $4.09 and a high of $7.24 and are now at $6.82. Shares are up 59.35% year-over-year and 46.67% year-to-date.

Recent short interest data for the 8/15/2014 settlement date shows a decrease in short interest for shares of Tenet Healthcare Corp. (THC). As of August 15, the short interest for the investor-owned health care services company totaled 8,874,071 shares, as compared to 9,411,646 shares since July 31, a decline of -5.71 %. Average daily volume [AVM] for the same period fell fractionally to 2,122,166 shares from 2,147,732 shares. It is worth noting that ticker’s short interest has decreased by more than 3.5M shares, or 28.38%, from the 4/30/2014 settlement date.

Based on the latest AVM, the days-to-cover ratio — a metric that includes both the total shares short and the average daily volume of shares traded — is currently 4.181610 days. Days-to-cover for THC increased to 4.181610 for the August 15 settlement date, as compared to 4.382132 days at the July 31 report.

Tenet Healthcare Corp. has a beta of 1.48 and a short float of 10.73%. In the past 52 weeks, shares of the Dallas, Texas-based company have traded between a low of $36.87 and a high of $61.80 and are now at $58.99. Shares are up 47.991% year-over-year and 40.05% year-to-date.

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