Sonic Healthcare Limited (OTCMKTS:SKHHY) Short Interest Up 16.9% in October

Sonic Healthcare Limited (OTCMKTS:SKHHY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,700 shares, an increase of 16.9% from the October 15th total of 8,300 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Sonic Healthcare Price Performance

SKHHY traded down $0.41 during midday trading on Friday, reaching $16.54. The company’s stock had a trading volume of 122,598 shares, compared to its average volume of 30,948. Sonic Healthcare has a 1 year low of $15.24 and a 1 year high of $22.40. The stock’s 50-day moving average is $18.02 and its 200-day moving average is $17.72.

Sonic Healthcare Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.3843 per share. This is a boost from Sonic Healthcare’s previous dividend of $0.25. The ex-dividend date of this dividend was Thursday, September 5th.

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.