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

Regional Health Properties, Inc. (NYSEAMERICAN:RHE) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 31.4% from the October 31st total of 12,100 shares. Based on an average daily trading volume, of 80,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.5% of the shares of the stock are sold short.

Regional Health Properties Price Performance

Shares of RHE traded up $0.03 during mid-day trading on Friday, hitting $1.74. 2,281 shares of the company traded hands, compared to its average volume of 26,692. Regional Health Properties has a one year low of $1.13 and a one year high of $3.08.

About Regional Health Properties

Regional Health Properties, Inc, through its subsidiaries, operates as a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living. Its business principally consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities.