Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Up 664.1% in August

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 134,297 shares, an increase of 664.1% from the July 30th total of 17,575 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 185,827 shares, the short-interest ratio is currently 0.7 days.

Sonic Healthcare Price Performance

OTCMKTS SKHHY remained flat at $14.46 on Thursday. The company’s stock had a trading volume of 30,848 shares, compared to its average volume of 79,616. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Sonic Healthcare has a 52-week low of $12.94 and a 52-week high of $17.49. The firm’s 50-day moving average is $15.01 and its 200-day moving average is $14.69.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Sonic Healthcare from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Sonic Healthcare 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.