Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) Short Interest Update

Sonic Healthcare Ltd. Sponsored ADR (OTCMKTS:SKHHY) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,575 shares, a decline of 72.5% from the July 15th total of 63,804 shares. Based on an average trading volume of 175,425 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Sonic Healthcare Price Performance

Shares of SKHHY opened at $15.72 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average price is $14.68 and its 200 day moving average price is $14.73. Sonic Healthcare has a 52 week low of $12.94 and a 52 week high of $19.25.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of 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, Based on data from MarketBeat, Sonic Healthcare currently 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.