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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 7,738 shares, a decline of 94.2% from the August 15th total of 134,297 shares. Based on an average daily volume of 68,415 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Sonic Healthcare Stock Down 2.3%

Sonic Healthcare stock opened at $13.57 on Friday. Sonic Healthcare has a twelve month low of $12.94 and a twelve month high of $17.49. The stock has a 50 day moving average of $14.97 and a two-hundred day moving average of $14.56. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut 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 company presently has a consensus 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.