Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Significant Decrease in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 852 shares, a decrease of 45.5% from the September 30th total of 1,562 shares. Based on an average daily volume of 231,164 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on SKHHY. The Goldman Sachs Group lowered Sonic Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Zacks Research raised Sonic Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Sonic Healthcare Trading Up 1.8%

OTCMKTS SKHHY opened at $13.61 on Friday. Sonic Healthcare has a 52 week low of $12.58 and a 52 week high of $17.49. The firm has a 50 day moving average of $13.48 and a two-hundred day moving average of $14.51.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company specializing in medical diagnostics. Its principal business is laboratory medicine, providing pathology and clinical testing services used to diagnose, monitor and manage a broad range of medical conditions. The company serves hospitals, physicians, healthcare organizations and patients through networks of medical laboratories and collection centers.

Sonic Healthcare also operates medical imaging businesses in selected markets and provides related healthcare services, including occupational health and primary care offerings in Australia.