Tenet Healthcare Corp
Score: Negative (2)
30 days at current score.
Downgraded from Neutral on August 30th 2017
- This company ranked negatively compared to the Healthcare sector with 2 negative IHS Markit Categories
- Perception of the company's creditworthiness is negative and weakening
- Bearish sentiment is high
- Economic output in this company's sector is expanding
Short interest | Negative
Short interest is extremely high for THC with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting THC.
ETF/Index ownership | Neutral
ETF activity is neutral. The $1.54 billion in inflows that ETFs holding THC received over the last one-month is a decline from earlier in the period and among the weakest of the past year.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Negative
The current level displays a negative indicator with a weakening bias over the past 1-month. THC credit default swap spreads are rising towards above average levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.
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