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

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 852 shares, a drop of 45.5% from the September 30th total of 1,562 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 231,164 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group downgraded Sonic Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, October 11th. Zacks Research raised shares of Sonic Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Sonic Healthcare Stock Up 1.8%

Shares of OTCMKTS:SKHHY opened at $13.61 on Friday. Sonic Healthcare has a fifty-two week low of $12.58 and a fifty-two week high of $17.49. The firm has a 50-day simple moving average of $13.48 and a 200 day simple moving average of $14.51.

About Sonic Healthcare

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.