Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Down 94.2% in August

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a significant 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. Based on an average daily trading volume, of 68,415 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered 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, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Sonic Healthcare Price Performance

Shares of SKHHY opened at $13.56 on Friday. The firm’s fifty day simple moving average is $14.95 and its 200-day simple moving average is $14.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.01. Sonic Healthcare has a twelve month low of $12.94 and a twelve month high of $17.49.

Sonic Healthcare Company Profile

Sonic Healthcare Limited is an Australian healthcare company that provides medical diagnostic services. Its principal activities include laboratory medicine, pathology and diagnostic imaging, supporting physicians, hospitals and other healthcare providers with testing and clinical information used in the diagnosis and management of disease.

The company operates laboratories, collection centers and related diagnostic facilities, offering services such as clinical pathology, anatomical pathology, molecular testing, genetics and other specialized laboratory investigations.