Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Significant Drop in Short Interest
by Danessa Lincoln · The Markets DailySonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,575 shares, a decline of 72.5% from the July 15th total of 63,804 shares. Based on an average daily volume of 175,425 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.
Sonic Healthcare Price Performance
Shares of Sonic Healthcare stock opened at $15.72 on Thursday. The stock’s fifty day moving average is $14.68 and its 200-day moving average is $14.73. 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 12-month low of $12.94 and a 12-month high of $19.25.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Sell rating, According to MarketBeat, Sonic Healthcare currently has an average rating of “Sell”.
View Our Latest Report on SKHHY
About Sonic Healthcare
Sonic Healthcare (OTCMKTS:SKHHY) is a global provider of medical diagnostics services, specializing in pathology and radiology. Established in 1987 and headquartered in Sydney, Australia, the company has grown into one of the largest laboratory networks in the world. Its ordinary shares trade on the Australian Securities Exchange, and its American Depositary Receipts trade over the counter under the symbol SKHHY.
The company offers a broad range of clinical pathology services, including anatomic pathology, clinical chemistry, hematology, microbiology and molecular diagnostics.