Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Sees Large Drop in Short Interest

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 7,738 shares, a decline of 94.2% from the August 15th total of 134,297 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 68,415 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Sonic Healthcare Stock Performance

Shares of SKHHY stock traded down $0.32 on Thursday, hitting $13.57. The stock had a trading volume of 161,993 shares, compared to its average volume of 110,972. The stock’s 50 day moving average is $14.99 and its 200-day moving average is $14.58. Sonic Healthcare has a 52-week low of $12.94 and a 52-week high of $17.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.90.

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.