Short Interest in Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Declines By 38.7%

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 63,804 shares, a decrease of 38.7% from the June 30th total of 104,061 shares. Based on an average trading volume of 131,085 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Sonic Healthcare Price Performance

OTCMKTS SKHHY traded down $0.35 on Friday, reaching $15.28. The company had a trading volume of 36,793 shares, compared to its average volume of 79,033. The company’s fifty day moving average is $14.35 and its 200 day moving average is $14.74. Sonic Healthcare has a 52-week low of $12.94 and a 52-week high of $19.25. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

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

Sonic Healthcare Company Profile

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.