Short Interest in Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Grows By 322.0%

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 39,094 shares, an increase of 322.0% from the April 30th total of 9,263 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 247,970 shares, the days-to-cover ratio is currently 0.2 days.

Sonic Healthcare Stock Performance

OTCMKTS:SKHHY opened at $13.96 on Friday. Sonic Healthcare has a 12-month low of $12.96 and a 12-month high of $19.25. The business has a 50 day simple moving average of $13.94 and a 200 day simple moving average of $14.91.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Sonic Healthcare Company Profile

Sonic Healthcare (OTCMKTS:SKHHY) is a global provider of medical diagnostics services, specializing in pathology and radiology. Established in 1987 and headquartered in Sydney, Australia, the company has grown into one of the largest laboratory networks in the world. Its ordinary shares trade on the Australian Securities Exchange, and its American Depositary Receipts trade over the counter under the symbol SKHHY.

The company offers a broad range of clinical pathology services, including anatomic pathology, clinical chemistry, hematology, microbiology and molecular diagnostics.