Regional Health Properties Inc (NYSEAMERICAN:RHE) Sees Large Drop in Short Interest

Regional Health Properties Inc (NYSEAMERICAN:RHE) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 122,500 shares, a decline of 6.6% from the May 15th total of 131,100 shares. Based on an average daily trading volume, of 930,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.2% of the shares of the company are short sold.

Shares of Regional Health Properties stock traded down $0.35 during trading hours on Friday, reaching $2.13. The stock had a trading volume of 147,273 shares, compared to its average volume of 594,821. Regional Health Properties has a twelve month low of $0.72 and a twelve month high of $5.30.

Regional Health Properties (NYSEAMERICAN:RHE) last posted its quarterly earnings results on Tuesday, June 18th. The company reported ($1.33) earnings per share for the quarter. The firm had revenue of $5.42 million for the quarter.

About Regional Health Properties

Regional Health Properties, Inc, through its subsidiaries, operates as a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transaction. The company's facilities offer a range of health care and related services to patients and residents, including skilled nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services for long-term and short-stay patients and residents.

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