Fisher & Paykel Healthcare Co. Limited (OTCMKTS:FSPKF) Shares Shorted: Short Interest Down 66.5% in September

Fisher & Paykel Healthcare Co. Limited (OTCMKTS:FSPKF) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 10,416 shares, a decline of 66.5% from the August 31st total of 31,081 shares. Based on an average trading volume of 6,751 shares, the short-interest ratio is currently 1.5 days.

Analysts Set New Price Targets

FSPKF has been the subject of several research analyst reports. Citigroup upgraded shares of Fisher & Paykel Healthcare to a “buy” rating in a research report on Thursday, September 10th. Royal Bank Of Canada upgraded Fisher & Paykel Healthcare from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Fisher & Paykel Healthcare presently has a consensus rating of “Buy”.

Fisher & Paykel Healthcare Stock Up 1.6%

Shares of OTCMKTS FSPKF traded up $0.41 during mid-day trading on Monday, hitting $26.01. The company’s stock had a trading volume of 302 shares, compared to its average volume of 3,263. Fisher & Paykel Healthcare has a one year low of $19.01 and a one year high of $26.53. The company’s fifty day simple moving average is $24.74 and its 200-day simple moving average is $23.18.

About Fisher & Paykel Healthcare

Fisher & Paykel Healthcare Corporation Limited is a New Zealand-based medical device company that develops, manufactures and markets products for respiratory care, acute care and the treatment of obstructive sleep apnea. The company’s offerings are designed for use in hospitals, intensive care units, operating rooms and homes.

Its product portfolio includes respiratory humidification systems, nasal high-flow therapy systems, noninvasive ventilation equipment, continuous positive airway pressure (CPAP) and bilevel masks, neonatal respiratory care products, and related consumables and accessories.