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 decline in short interest during the month of September. As of September 15th, there was short interest totaling 852 shares, a decline of 89.0% from the August 31st total of 7,738 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 414,761 shares, the short-interest ratio is presently 0.0 days.

Sonic Healthcare Trading Down 0.2%

SKHHY opened at $13.21 on Friday. The company’s 50 day moving average is $14.71 and its 200 day moving average is $14.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90. Sonic Healthcare has a 12-month low of $12.94 and a 12-month high of $17.49.

Wall Street Analysts Forecast Growth

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

About Sonic Healthcare

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.