Short Interest in Diversicare Healthcare Services Inc (NASDAQ:DVCR) Expands By 7.2%

Diversicare Healthcare Services Inc (NASDAQ:DVCR) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 34,300 shares, an increase of 7.2% from the May 30th total of 32,000 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 3,700 shares, the short-interest ratio is currently 9.3 days.

NASDAQ DVCR opened at $3.07 on Wednesday. Diversicare Healthcare Services has a 1-year low of $1.55 and a 1-year high of $7.05. The firm has a 50-day moving average of $3.28.

Diversicare Healthcare Services (NASDAQ:DVCR) last posted its earnings results on Thursday, May 2nd. The company reported ($0.52) earnings per share for the quarter. Diversicare Healthcare Services had a negative return on equity of 220.97% and a negative net margin of 1.91%. The firm had revenue of $134.35 million for the quarter.

Diversicare Healthcare Services Company Profile

Diversicare Healthcare Services, Inc provides post-acute care services to skilled nursing center, patients, and residents primarily in the Southeast, Midwest, and Southwest United States. The company offers skilled nursing health care services, including nutrition, recreational therapy, social, housekeeping, and laundry services; the delivery of ancillary medical services at the nursing centers; rehabilitation therapy services, such as audiology, speech, occupational, and physical therapies; and medical supplies, nutritional support, infusion therapies, and related clinical services.

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