Tenet Healthcare Corp
Score: Negative (3)
28 days at current score.
Downgraded from Neutral on August 30th 2017
- This company ranked negatively compared to the Healthcare sector despite only 1 negative IHS Markit Category
- Perception of the company's creditworthiness is neutral but 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 net inflows of $1.92 billion over the last one-month into ETFs that hold THC are not among the highest of the last year and have been slowing.
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 | Neutral
The current level displays a neutral indicator with a weakening bias over the past 1-month. Although THC credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.
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