Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Significant Drop in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 852 shares, a decrease of 89.0% from the August 31st total of 7,738 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 414,761 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Stock Performance

Sonic Healthcare stock opened at $13.21 on Friday. The firm’s fifty day moving average is $14.71 and its 200 day moving average is $14.35. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Sonic Healthcare has a 52-week low of $12.94 and a 52-week high of $17.49.

Analyst Ratings Changes

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

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company that provides medical diagnostic services. Its principal activities include laboratory medicine, pathology and diagnostic imaging, supporting physicians, hospitals and other healthcare providers with testing and clinical information used in the diagnosis and management of disease.

The company operates laboratories, collection centers and related diagnostic facilities, offering services such as clinical pathology, anatomical pathology, molecular testing, genetics and other specialized laboratory investigations.