Short Interest in Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Increases By 207.6%

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 122,910 shares, an increase of 207.6% from the May 31st total of 39,957 shares. Based on an average daily trading volume, of 265,370 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Sonic Healthcare Price Performance

Shares of OTCMKTS SKHHY traded down $0.15 during mid-day trading on Friday, hitting $14.00. The stock had a trading volume of 83,695 shares, compared to its average volume of 133,065. The company has a 50 day moving average of $13.86 and a two-hundred day moving average of $14.79. Sonic Healthcare has a twelve month low of $12.94 and a twelve month high of $19.25.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sonic Healthcare to a “hold” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Sonic Healthcare Company Profile

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.