Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) Sees Significant Decrease in Short Interest

Life Healthcare Group Holdings Limited (OTCMKTS:LTGHY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 8,505 shares, a decrease of 72.0% from the June 15th total of 30,370 shares. Based on an average daily volume of 124,084 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Life Healthcare Group to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Life Healthcare Group currently has an average rating of “Hold”.

Life Healthcare Group Trading Up 3.9%

Shares of LTGHY stock traded up $0.10 during mid-day trading on Friday, reaching $2.65. The stock had a trading volume of 19,095 shares, compared to its average volume of 60,001. The business’s fifty day moving average is $2.60 and its 200-day moving average is $2.75. The firm has a market cap of $971.89 million and a price-to-earnings ratio of 0.25. Life Healthcare Group has a 1-year low of $2.24 and a 1-year high of $3.36.

About Life Healthcare Group

Life Healthcare Group (OTCMKTS:LTGHY) is a South Africa–based private healthcare provider offering a comprehensive range of acute and specialised medical services. Headquartered in Sandton, the company operates a network of acute care hospitals that deliver surgical, diagnostic and therapeutic treatments across multiple clinical disciplines. Its facilities include critical care units, maternity wards, oncology centres and rehabilitation services tailored to both in-patient and out-patient needs.

The group’s core business activities span general surgery, cardiology, orthopaedics, neurology and oncology, supported by advanced diagnostic imaging and laboratory services.