Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Update

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 63,804 shares, a decline of 38.7% from the June 30th total of 104,061 shares. Based on an average daily volume of 131,085 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Sonic Healthcare Price Performance

Shares of Sonic Healthcare stock traded down $0.38 during trading on Friday, reaching $15.20. The company’s stock had a trading volume of 10,863 shares, compared to its average volume of 109,113. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $14.31 and its 200-day moving average price is $14.74. Sonic Healthcare has a 52 week low of $12.94 and a 52 week high of $19.25.

About Sonic Healthcare

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.