Sonic Healthcare Limited (OTCMKTS:SKHCF) Sees Significant Decrease in Short Interest

Sonic Healthcare Limited (OTCMKTS:SKHCF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 783,238 shares, a drop of 35.0% from the August 15th total of 1,205,502 shares. Based on an average daily trading volume, of 203 shares, the short-interest ratio is presently 3,858.3 days.

Sonic Healthcare Price Performance

Shares of OTCMKTS SKHCF remained flat at $13.65 during trading on Thursday. The stock had a trading volume of 116 shares, compared to its average volume of 2,069. Sonic Healthcare has a 12 month low of $12.00 and a 12 month high of $16.10. The business’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $13.82.

About Sonic Healthcare

Sonic Healthcare is a global provider of medical diagnostics, specializing in pathology, radiology, and clinical laboratory services. The company offers a broad range of testing services, including blood and tissue analysis, molecular diagnostics, genomics, and advanced imaging procedures. Its laboratories support hospitals, medical practitioners, pharmaceutical and biotechnology firms, as well as public health agencies, delivering diagnostic information that underpins clinical decision-making and research initiatives.

Founded in 1987 and headquartered in Sydney, Australia, Sonic Healthcare has grown through a combination of organic expansion and strategic acquisitions.