What’s Next for Tabula Rasa Healthcare Inc (NASDAQ:TRHC) After Having More Shares Shorted?

October 13, 2018 - By Marie Mckinney

The stock of Tabula Rasa Healthcare Inc (NASDAQ:TRHC) registered an increase of 7.78% in short interest. TRHC’s total short interest was 1.42 million shares in October as published by FINRA. Its up 7.78% from 1.32 million shares, reported previously. With 337,200 shares average volume, it will take short sellers 4 days to cover their TRHC’s short positions. The short interest to Tabula Rasa Healthcare Inc’s float is 8.53%.

The stock increased 1.35% or $0.99 during the last trading session, reaching $74.38. About 409,059 shares traded or 14.28% up from the average. Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) has risen 294.60% since October 13, 2017 and is uptrending. It has outperformed by 278.98% the S&P500.

Tabula Rasa HealthCare, Inc. provides patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to enhance patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk. The company has market cap of $1.51 billion. The Company’s cloud software applications include EireneRx, which is used by at-risk healthcare organizations to access its patients' medication-related information; MedWise Advisor that allows for components of EireneRx to be used independently and by a broader healthcare audience; and NiaRx, an educational software platform used in the pharmacy educational community. It currently has negative earnings. The firm offers its technology-enabled services and products for medication risk management and risk adjustment.

More notable recent Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) news were published by: Nasdaq.com which released: “Tabula Rasa HealthCare’s Newly Acquired Subsidiary, Mediture, Expands Managed Long-term Care Services with …” on September 17, 2018, also Streetinsider.com with their article: “Baird Raises Tabula Rasa HealthCare (TRHC) PT To $90 After Positive Data And Conference Presentation” published on September 19, 2018, Globenewswire.com published: “TRHC Commends Legislation to Enable PACE Expansion, Helping More Seniors to Live Independently with Optimal …” on September 24, 2018. More interesting news about Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) were released by: Globenewswire.com and their article: “TRHC’s Capstone Performance System Continues Growth” published on October 01, 2018 as well as Nasdaq.com‘s news article titled: “Tabula Rasa HealthCare to Participate in Institute for Healthcare Improvement Conference: Creating Age-Friendly …” with publication date: September 21, 2018.

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