Sonic Healthcare Limited (OTCMKTS:SKHHY) Sees Large Decline in Short Interest

Sonic Healthcare Limited (OTCMKTS:SKHHY) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a decline of 96.9% from the October 31st total of 9,700 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is currently 0.0 days.

Sonic Healthcare Price Performance

Shares of OTCMKTS SKHHY traded down $0.35 during midday trading on Thursday, hitting $18.16. 20,938 shares of the stock traded hands, compared to its average volume of 53,420. Sonic Healthcare has a one year low of $15.24 and a one year high of $22.40. The firm has a 50-day moving average of $18.02 and a two-hundred day moving average of $17.76.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded shares of Sonic Healthcare to a “hold” rating in a research note on Monday, August 26th.

Sonic Healthcare Company Profile

Sonic Healthcare Limited offers medical diagnostic services to medical practitioners, hospitals, community health services, and their collective patients. The company provides laboratory medicine/pathology testing services, such as biochemistry, cytopathology, genetics, haematology, histopathology, immunoserology, microbiology, molecular pathology, prenatal testing, toxicology, and ancillary functions; and radiology services, including magnetic resonance imaging, computed tomography (CT), ultrasound, X-ray, mammography, nuclear medicine, PET CT, interventional procedures, and bone mineral densitometry.