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Investors are Betting Against athenahealth, Inc. (ATHN) Should You? - Tale of the Tape

10/17/2013 6:06:00 AM
Referenced Stocks:ATHN

Many investors appear to be quite bearish athenahealth, Inc. ( ATHN ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 22.01% of the float is sold short, suggesting an extreme level of bearishness for ATHN.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on ATHN, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of ATHN to move higher in the weeks ahead.

ATHENAHEALTH IN (ATHN): Free Stock Analysis Report

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