Market News Video
MNV MNV 10 Bargains You Can Buy Cheaper Than Insiders Did
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Commit To Purchase U.S. Physical Therapy At $100, Earn 10.1% Annualized Using Options
Friday, October 26, 11:19 AM ET, by Market News Video Staff

Investors considering a purchase of U.S. Physical Therapy, Inc.. ...

Land This Bargain Even Cheaper Than Director Chapman Did
Monday, December 17, 10:36 AM ET, by Market News Video Staff

There's an old saying on Wall Street about insider buying: there are many possible reasons ...

USPH Makes Notable Cross Below Critical Moving Average
Wednesday, December 19, 4:22 PM ET, by Market News Video Staff

In trading on Wednesday, shares of U.S. Physical Therapy, Inc.. ...

Oversold Conditions For U.S. Physical Therapy (USPH)
Thursday, December 20, 12:08 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

USPH: Insiders vs. Shorts
Friday, December 28, 2:36 PM ET, by Market News Video Staff

The most recent short interest data was recently released for the 12/14/2018 settlement date, and ...

USPH: Insiders vs. Shorts

By Market News Video Staff, Friday, June 28, 2:17 PM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The most recent short interest data was recently released for the 04/15/2019 settlement date, and U.S. Physical Therapy, Inc. (NYSE:USPH) is one of the most shorted stocks of the Russell 3000, based on 16.15 "days to cover" versus the median component at 5.30. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

In the case of U.S. Physical Therapy, Inc. (NYSE:USPH), the total short interest at the 04/15/2019 settlement date was 1,282,578 shares, which compares to the average daily trading volume of just 79,428 shares, for a "days to cover" ratio of 16.15.

When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. At the present levels of short interest, if from this point forward every single USPH share traded represented a short position being closed, then at the average daily volume of 79,428 shares it would only be during the 17th trading day that every short position would be closed.

So it would stand to reason that should some unexpectedly good news come out, and short sellers did not have 17 days of patience but instead wanted to cover their short positions very suddenly, that situation could result in sending the stock higher until the higher price produces enough sellers to generate the necessary volume to close out those positions quickly.

U.S. Physical Therapy, Inc. (NYSE:USPH) has something relatively rare for a stock with this much short interest, that being insiders taking the other side of the trade. Looking back over the trailing six month period, USPH has seen 2 different instances of insider buying, as summarized by the table below:

Purchased Insider Title Shares Price/Share Value
03/18/2019 Harry S. Chapman Director 950 $105.33 $100,063.50
03/29/2019 Kathleen A. Gilmartin Director 500 $105.17 $52,585.00

Below is a chart showing the "days to cover" for USPH over time:

And looking at the chart below, USPH's low point in its 52 week range is $95.50 per share, with $129.65 as the 52 week high point — that compares with a last trade of $121.80.

U.S. Physical Therapy, Inc. Moving Averages Chart

In recent trading, shares of U.S. Physical Therapy, Inc. (NYSE:USPH) were changing hands at $121.80/share.

This Article's Word Cloud:   Director   NYSE   Physical   Therapy   USPH   average   because   being   below   buying   chart   close   closed   compares   cover   daily   data   date   days   every   fillColor   higher   interest   most   must   number   over   period   point   position   positions   recent   represented   sellers   settlement   share   shares   short   stock   that   their   then   this   total   trade   traded   trading   volume   with   would
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Portfolio Channel Stock Market Definitions

USPH: Insiders vs. Shorts | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.