Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Large Drop in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 7,738 shares, a decrease of 94.2% from the August 15th total of 134,297 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 68,415 shares, the short-interest ratio is currently 0.1 days.

Sonic Healthcare Price Performance

SKHHY stock traded down $0.32 during midday trading on Thursday, reaching $13.57. 161,993 shares of the company’s stock traded hands, compared to its average volume of 110,972. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. Sonic Healthcare has a fifty-two week low of $12.94 and a fifty-two week high of $17.49. The business has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $14.58.

Analyst Ratings Changes

Separately, Zacks Research downgraded Sonic Healthcare from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.