Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Sees Large Decline in Short Interest

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,710 shares, a decrease of 88.1% from the April 30th total of 56,415 shares. Based on an average daily volume of 87,248 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Life Healthcare Group Stock Up 1.0%

LTGHY traded up $0.02 during midday trading on Friday, reaching $2.59. The company had a trading volume of 26,093 shares, compared to its average volume of 60,361. The business has a 50-day moving average of $2.81 and a two-hundred day moving average of $2.77. The company has a market cap of $948.05 million and a P/E ratio of 0.25. Life Healthcare Group has a 1 year low of $2.28 and a 1 year high of $3.36.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Life Healthcare Group to a “hold” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Life Healthcare Group Company Profile

Life Healthcare Group (OTCMKTS:LTGHY) is a South Africa–based private healthcare provider offering a comprehensive range of acute and specialised medical services. Headquartered in Sandton, the company operates a network of acute care hospitals that deliver surgical, diagnostic and therapeutic treatments across multiple clinical disciplines. Its facilities include critical care units, maternity wards, oncology centres and rehabilitation services tailored to both in-patient and out-patient needs.

The group’s core business activities span general surgery, cardiology, orthopaedics, neurology and oncology, supported by advanced diagnostic imaging and laboratory services.