See what the IHS Markit Score report has to say about Tenet Healthcare Corp.
NYSE:THC
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Summary
- Perception of the company's creditworthiness is negative
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is low
- Economic output for the sector is expanding but at a slower rate
Bearish sentiment
Short interest | Positive
Short interest is low for THC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Money flow
ETF/Index ownership | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding THC totaled $2.93 billion. Additionally, the rate of outflows appears to be accelerating.
Economic sentiment
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit worthiness
Credit default swap | Negative
The current level displays a negative indicator with a strengthening bias over the past 1-month. Although THC credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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